<SEC-DOCUMENT>0001173382-12-000008.txt : 20120529
<SEC-HEADER>0001173382-12-000008.hdr.sgml : 20120529
<ACCEPTANCE-DATETIME>20120529164325
ACCESSION NUMBER:		0001173382-12-000008
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20120331
FILED AS OF DATE:		20120529
DATE AS OF CHANGE:		20120529

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAE INC
		CENTRAL INDEX KEY:			0001173382
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31402
		FILM NUMBER:		12874734

	BUSINESS ADDRESS:	
		STREET 1:		2025 LOGISTICS DRIVE
		CITY:			MISSISSAUGA
		STATE:			A6
		ZIP:			L5S 1Z9
		BUSINESS PHONE:		514-341-6780

	MAIL ADDRESS:	
		STREET 1:		8585 COTE DE LIESSE, CP 1800
		STREET 2:		DEPT. 04
		CITY:			ST-LAURENT, QUEBEC
		STATE:			A6
		ZIP:			H4L 4X4
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ksignedmay2812.htm
<DESCRIPTION>FORM 6K AND 2012 Q4 FINANCIAL STATEMENTS AND MD&A
<TEXT>

<HTML>
<HEAD>
   <TITLE>ksignedmay2812.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader1"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p align=right style="margin:0in;margin-bottom:24.0pt;text-align:right;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>

<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Washington, DC&#160; 20549</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Form 6-K</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">Report
of Foreign Issuer</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">Pursuant
to Rule 13a-16 or 15d-16 of</font></p>

<p align=center style="margin:0in;margin-bottom:24.0pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">the Securities Exchange Act of 1934</font></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">For the month of:&#160; May, 2012&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Commission
File Number: 1-31402</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">CAE INC.</font></b></p>

<p align=center style="margin:0in;margin-bottom:12.0pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">(Name of Registrant)</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=FR-CA style="font-size:12.0pt;">8585 Cote de Liesse</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=FR-CA style="font-size:12.0pt;">Saint-Laurent, Quebec</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Canada H4T 1G6</font></b></p>

<p align=center style="margin:0in;margin-bottom:24.0pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">(Address of Principal Executive Offices)</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Indicate by check mark whether the registrant files or
will file annual reports under cover of Form 20-F or Form 40-F:</font></p>

<p style="margin:0in;margin-bottom:24.0pt;text-indent:1.25in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">Form 20-F&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Form 40-F </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;</font></u></p>

<p style="margin:0in;margin-bottom:24.0pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">Indicate by
check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;</font></u></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Indicate by check mark whether the registrant by
furnishing the information contained in this Form is also thereby furnishing
the information to the SEC pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934:</font></p>

<p style="margin:0in;margin-bottom:24.0pt;text-indent:115.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">Yes </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; No
</font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;</font></u></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">If &#8220;Yes&#8221; is marked, indicate the file number assigned to
the registrant in connection with Rule 12g3-2(b): N/A</font></p>









<a name="_bclFooter1"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext style="font-variant:normal ;text-line-through:none;text-shadow:none;text-underline:none;vertical-align:baseline;"><font style=""><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:8.0pt;font-style:normal;text-decoration:none;text-transform:none;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></font></font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader2"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">SIGNATURES</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:1.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:30.0pt;text-indent:3.0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:14.0pt;">CAE Inc.</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Date: May
28, 2012&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By:&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">/s/ Hartland
Paterson &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">Name:&#160;&#160;&#160; Hartland
J. Paterson</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">Title:&#160;&#160;&#160;&#160;&#160; Vice
President Legal, General Counsel</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; and
Corporate Secretary</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>



</div>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>q42012fs-en.htm
<DESCRIPTION>FINANCIAL STATEMENTS
<TEXT>

<HTML>
<HEAD>
   <TITLE>q42012fs-en.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader1"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=white face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Consolidated Financial Statements</font><font color=white style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:13.0pt;">CAE
Inc.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:6.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:13.0pt;">CONSOLIDATED
FINANCIAL STATEMENTS</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:468.000000pt;">
 <tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:5.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">MANAGEMENT&#8217;S
  REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">2</font></b></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:5.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">INDEPENDENT
  AUDITOR&#8217;S REPORT</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">2</font></b></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:5.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">CONSOLIDATED
  FINANCIAL STATEMENTS</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">4</font></b></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidated statement of
  financial position</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">4</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidated income statement</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">5</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=89% style="height:9.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidated statement of
  comprehensive income</font></p>
  </td>
 <td valign=bottom width=11% style="height:9.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">6</font></p>
  </td>
 </tr>
<tr style="height:9.9pt;">
  <td valign=bottom width=89% style="height:9.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidated statement of changes
  in equity</font></p>
  </td>
 <td valign=bottom width=11% style="height:9.9pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">7</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidated statement of cash
  flows</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">8</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">NOTES TO THE
  CONSOLIDATED FINANCIAL STATEMENTS</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">9</font></b></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 1 &#8211; Nature of operations and
  summary of significant accounting policies</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">9</font></p>
  </td>
 </tr>
<tr style="height:10.35pt;">
  <td valign=bottom width=89% style="height:10.35pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 2 &#8211; First-time adoption of
  IFRS</font></p>
  </td>
 <td valign=bottom width=11% style="height:10.35pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">23</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 3 &#8211; Business combinations</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">32</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 4 &#8211; Investments in joint
  ventures</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">34</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 5 &#8211;  Accounts receivable</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">35</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 6 &#8211; Inventories</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">35</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 7 &#8211; Property, plant and
  equipment</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">36</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 8 &#8211; Intangible assets</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">37</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 9 &#8211; Other assets</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">38</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 10 &#8211; Accounts payable and
  accrued liabilities</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">39</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 11 &#8211; Contracts in progress</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">39</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 12 &#8211; Provisions</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">40</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 13 &#8211; Debt facilities</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">41</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 14 &#8211; Government assistance</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">44</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 15 &#8211; Employee benefits
  obligations</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">45</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 16 &#8211; Deferred gains and
  other non-current liabilities</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">48</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 17 &#8211; Income taxes</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">48</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 18 &#8211; Share capital, earnings
  per share and dividends</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">51</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 19 &#8211; Accumulated other
  comprehensive (loss) income</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">52</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 20 &#8211; Employee compensation</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">52</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 21 &#8211; Impairment of
  non-financial assets</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">52</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 22 &#8211; Other (gains) losses &#8211;
  net</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">52</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 23 &#8211; Finance expense &#8211; net</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">53</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 24 &#8211; Share-based payments</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">53</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 25 &#8211; Supplementary cash
  flows information</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">57</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 26 &#8211; Contingencies</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">57</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 27 &#8211; Commitments</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">57</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 28 &#8211; Capital risk management</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">58</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 29 &#8211; Financial instruments</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">59</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 30 &#8211; Financial risk
  management</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">62</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 31 &#8211; Operating segments and
  geographic information</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">68</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 32 &#8211; Related party
  relationships</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">71</font></p>
  </td>
 </tr>
<tr style="height:4.0pt;">
  <td valign=bottom width=89% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 33 &#8211; Related party
  transactions</font></p>
  </td>
 <td valign=bottom width=11% style="height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">73</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=89% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Note 34 &#8211; Events after the
  reporting period</font></p>
  </td>
 <td valign=bottom width=11% style="height:11.25pt;padding:0in 5.4pt 0in 5.4pt;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">74</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>




<h1 align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;">&nbsp;</h1>
<a name="_bclFooter1"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 1</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
&nbsp; <A name="page_2"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader2"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif></FONT>&nbsp;</P></DIV>

<H1 style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="TEXT-TRANSFORM: none; FONT-SIZE: 15pt; FONT-WEIGHT: normal" lang=EN-CA color=windowtext face=Helvetica,sans-serif>Management&#8217;s Report on Internal Control Over Financial Reporting</FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Management of CAE is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f), 15d-15(f) under the Securities Exchange Act of 1934). CAE&#8217;s internal control over financial reporting is a process designed under the supervision of CAE&#8217;s President and Chief Executive Officer and Chief Financial Officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company&#8217;s financial statements for external reporting purposes in accordance with Canadian generally accepted accounting principles.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>As of March&nbsp;31,&nbsp;2012, management conducted an assessment of the effectiveness of the Company&#8217;s internal control over the financial reporting based on the framework and criteria established in Internal Control &#8211; Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this assessment, management concluded that the Company&#8217;s internal control over financial reporting as of March&nbsp;31,&nbsp;2012 was effective.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 9pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="Z-INDEX: 1; POSITION: relative; WIDTH: 405px; HEIGHT: 57px; TOP: 3px; LEFT: -2px">

<TABLE border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD height=0>&nbsp;</TD>

   <TD>&nbsp;</TD>

   <TD>&nbsp;</TD>

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

<TR>

   <TD height=3>&nbsp;</TD>

   <TD colSpan=2>&nbsp;</TD>

   <TD vAlign=top rowSpan=3 align=left>
   <IMG src="x12052513174700.jpg" width=169 height=54></TD></TR>

<TR>

   <TD height=46>&nbsp;</TD>

   <TD vAlign=top align=left>
   <IMG alt=Marc_Parent src="x12052513174701.jpg" width=199 height=46></TD>

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

<TR>

   <TD height=5>&nbsp;</TD>

   <TD>&nbsp;</TD>

   <TD>&nbsp;</TD></TR></TABLE></FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>&nbsp;</FONT></P><FONT lang=EN-US><BR clear=all></FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>M. Parent&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; S. Lefebvre</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>President and Chief Executive Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vice-president, Finance and Chief Financial Officer</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Montreal (Canada)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>May&nbsp;23,&nbsp;2012</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<H1 style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="TEXT-TRANSFORM: none; FONT-SIZE: 15pt; FONT-WEIGHT: normal" lang=EN-CA color=windowtext face=Helvetica,sans-serif>Independent Auditor&#8217;s Report</FONT></H1>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>To the Shareholders of CAE Inc.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>We have completed an integrated audit of CAE Inc. and its subsidiaries&#8217; current year consolidated financial statements and their internal control over financial reporting as at March 31, 2012 and an audit of their prior year consolidated financial statements. Our opinions, based on our audits, are presented below. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT>&nbsp;</P>

<H4 style="TEXT-ALIGN: left; MARGIN: 0in 0in 4pt" align=left><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" lang=EN-CA face=Helvetica,sans-serif>Report on the consolidated financial statements</FONT></B></H4>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>We have audited the accompanying consolidated financial statements of CAE Inc. and its subsidiaries, which comprise the consolidated statements of financial position, as at March 31, 2012, March 31, 2011 and April 1, 2010 and the consolidated statements of income, comprehensive income, changes in equity, and cash flows for the years ended March 31, 2012 and March 31, 2011, and the related notes, which comprise a summary of significant accounting policies and other explanatory information.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT>&nbsp;</P>

<H4 style="TEXT-ALIGN: left; MARGIN: 0in 0in 2pt" align=left><B><I><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=Helvetica,sans-serif>Management&#8217;s responsibility for the consolidated financial statements</FONT></I></B></H4>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.</FONT></P>

<H4 style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8.5pt; FONT-WEIGHT: normal" face=Helvetica,sans-serif></FONT></I>&nbsp;</H4>

<H4 style="TEXT-ALIGN: left; MARGIN: 0in 0in 2pt" align=left><B><I><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=Helvetica,sans-serif>Auditor&#8217;s responsibility</FONT></I></B></H4>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance with Canadian generally accepted auditing standards and the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform an audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. Canadian generally accepted auditing standards require that we comply with ethical requirements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>An audit involves performing procedures to obtain audit evidence, on a test basis, about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor&#8217;s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the company&#8217;s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting principles and policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>We believe that the audit evidence we have obtained in our audits is sufficient and appropriate to provide a basis for our audit opinion on the consolidated financial statements.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<H4 style="TEXT-ALIGN: left; MARGIN: 0in 0in 2pt" align=left>&nbsp;</H4>

<a name="_bclFooter2"></a><DIV>

<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 8pt" lang=EN-CA face=Helvetica,sans-serif>2 | CAE Year-End Financial Results 2012</FONT></P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader3"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=white face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Consolidated Financial Statements</font><font color=white style="">&nbsp;</font></p>





</DIV>
<h4 align=left style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Opinion</font></i></b></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">In our opinion,
the consolidated financial statements present fairly, in all material respects,
the financial position of CAE Inc. and its subsidiaries as at March 31, 2012,
March 31, 2011 and April 1, 2010 and their financial performance and their cash
flows for the years ended March 31, 2012 and March 31, 2011 in accordance with
International Financial Reporting Standards as issued by the International
Accounting Standards Board.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h4 align=left style="margin-bottom:4.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;font-style:normal;">Report on internal control over
financial reporting</font></b></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We have also
audited CAE Inc. and its subsidiaries&#8217; internal control over financial
reporting as at March&nbsp;31, 2012, based on criteria established in Internal
Control &#8211; Integrated Framework, issued by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h4 align=left style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Management&#8217;s
responsibility for internal control over financial reporting</font></i></b></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Management is
responsible for maintaining effective internal control over financial reporting
and for its assessment of the effectiveness of internal control over financial
reporting included in the accompanying Management&#8217;s Report on Internal Control
over Financial Reporting. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h4 align=left style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Auditor&#8217;s
responsibility</font></i></b></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Our responsibility
is to express an opinion on the company&#8217;s internal control over financial
reporting based on our audit. We conducted our audit of internal control over
financial reporting in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether
effective internal control over financial reporting was maintained in all
material respects.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">An audit of
internal control over financial reporting includes obtaining an understanding
of internal control over financial reporting, assessing the risk that a
material weakness exists, testing and evaluating the design and operating
effectiveness of internal control, based on the assessed risk, and performing
such other procedures as we consider necessary in the circumstances.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We believe that
our audit provides a reasonable basis for our audit opinion on CAE Inc.&#8217;s
internal control over financial reporting. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h4 align=left style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Definition of
internal control over financial reporting</font></i></b></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">A company&#8217;s internal
control over financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with generally
accepted accounting principles. A company&#8217;s internal control over financial
reporting includes those policies and procedures that (i)&nbsp;pertain to the
maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the company;
(ii)&nbsp;provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance with
generally accepted accounting principles, and that receipts and expenditures of
the company are being made only in accordance with authorizations of management
and directors of the company; and (iii)&nbsp;provide reasonable assurance
regarding prevention or timely detection of unauthorized acquisition, use, or
disposition of the company&#8217;s assets that could have a material effect on the
financial statements. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h4 align=left style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Inherent limitations</font></i></b></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Because of its
inherent limitations, internal control over financial reporting may not prevent
or detect misstatements. Also, projections of any evaluation of effectiveness
to future periods are subject to the risk that controls may become inadequate
because of changes in conditions or that the degree of compliance with the
policies or procedures may deteriorate.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h4 align=left style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Opinion</font></i></b></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">In our opinion,
CAE Inc. and its subsidiaries maintained, in all material respects, effective
internal control over financial reporting as at March 31, 2012, based on
criteria established in Internal Control &#8211; Integrated Framework issued by COSO.
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><img alt="Description: PwC_LLP_1.tif" height=48 id="Image4" src="x12052513174702.jpg" width=345></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">May 23, 2012 </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Montr&#233;al, Quebec, Canada</font><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font style="vertical-align:super;"><font style="vertical-align:super;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">[1]</font></font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> Chartered accountant auditor permit No.12300</font></p>









<a name="_bclFooter3"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 3</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader4"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:.25in;">
  <td colspan=15 valign=bottom width=100% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;">Consolidated Statement of
  Financial Position</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=44% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions of Canadian dollars)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Assets</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(Note
  2)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(Note
  2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash and cash equivalents</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 287.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 276.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 312.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts receivable </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 308.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 296.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 238.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress : assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">11</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 245.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 230.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 205.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Inventories </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">6</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 153.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 124.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 126.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Prepayments</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 47.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 43.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 24.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes recoverable</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 95.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 58.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">29</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total current assets</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,148.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,049.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 966.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">7</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,293.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,211.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,197.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Intangible assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">8</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 533.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 375.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 290.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">17</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 24.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 24.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">29</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">9</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 177.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 149.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 97.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total assets</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3,183.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,817.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,591.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Liabilities and equity</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts payable and accrued liabilities</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">10</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 597.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 551.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 493.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Provisions</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 21.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes payable</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress : liabilities</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">11</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 104.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 125.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 167.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current portion of long-term debt </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13 </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 136.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 86.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 68.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial liabilities</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">29</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total current liabilities</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 883.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 810.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 776.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Provisions</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Long-term debt </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13 </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 685.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 574.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 600.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Royalty obligations</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">29</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 161.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 161.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 148.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Employee benefits obligations</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">15</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 114.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 62.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 81.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred gains and other non-current liabilities</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">16</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 186.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 187.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 129.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax liabilities</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">17</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 91.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 64.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial liabilities</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">29</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total liabilities</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,141.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,884.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,772.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Share capital</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 454.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 440.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 436.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contributed surplus</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 19.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated other comprehensive (loss) income</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">19</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.8)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.8)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Retained earnings</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 558.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 466.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 338.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity attributable to equity holders of the Company</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,021.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 914.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 800.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total equity</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,042.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 932.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 818.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total liabilities and equity</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3,183.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,817.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,591.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=44% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=15 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The accompanying notes form an integral part of these
  Consolidated Financial Statements.</font></p>
  </td>
 </tr>
</table></div>









<a name="_bclFooter4"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">4 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader5"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Consolidated

Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:17.25pt;">
  <td colspan=11 valign=bottom width=100% style="background:white;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;">Consolidated Income
  Statement</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=46% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=5 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions of Canadian dollars, except per share
  amounts)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=46% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(Note
  2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">31</font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,821.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,630.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost of sales</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,221.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,082.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Gross profit</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 600.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 548.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Research and development expenses</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 62.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 44.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Selling, general and administrative expenses</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 256.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 239.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other (gains) losses &#8211; net</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">22</font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (21.2)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (18.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Operating profit</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 302.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 282.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance income</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">23</font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.6)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance expense</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">23</font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 69.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 64.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance expense &#8211; net</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 62.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 60.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Earnings before income taxes</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 239.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 222.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income tax expense</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">17</font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 57.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 61.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net income</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 182.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 160.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Attributable to:</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity holders of the Company </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 180.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 160.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 182.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 160.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Earnings per share from continuing operations </font></b></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">attributable to equity holders of the Company</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Basic and diluted</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18</font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.70&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.62&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=11 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The accompanying notes form an integral part of these
  Consolidated Financial Statements.</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr height=0>
  <td width=3%>&nbsp;</td>
 <td width=46%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=19%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>









<a name="_bclFooter5"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 5</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader6"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:17.25pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;">Consolidated Statement of
  Comprehensive Income </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions of Canadian dollars)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net income</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 182.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 160.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other comprehensive income (loss)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign currency translation</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net currency translation difference on the translation of
  financial </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=71% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">statements of foreign operations</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (23.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net change in (losses) gains on certain long-term debt
  denominated in foreign </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=71% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">currency and designated as hedges of net investments in foreign
  operations </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.9)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Reclassifications to income</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net changes in cash flow hedges</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Effective portion of changes in fair value of cash flow hedges</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.7)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net change in fair value of cash flow hedges transferred to </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=71% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">net income or to related non-financial assets or liabilities</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.7)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.3)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net change in available-for-sale financial instruments</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net change in fair value of available-for-sale financial assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit plan actuarial (losses) gains</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit plan actuarial (losses) gains</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (64.9)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (47.5)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other comprehensive loss</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (47.4)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.8)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total comprehensive income </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 134.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 146.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total comprehensive income attributable to:</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity holders of the Company</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 132.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 145.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total comprehensive income</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 134.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 146.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=9 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The accompanying notes form an integral part of these
  Consolidated Financial Statements.</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=3%>&nbsp;</td>
 <td width=71%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>









<a name="_bclFooter6"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">6 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader7"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Consolidated

Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:684.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=26 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;">Consolidated Statement of
  Changes in Equity</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Calibri,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td colspan=2 valign=bottom width=4% style="background:white;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=16 valign=bottom width=54% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Attributable
  to equity holders of the Company</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:7.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:7.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Year ended March 31, 2012</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Common
  shares</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated
  other</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions of Canadian dollars,</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Number
  of</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Stated</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contributed
  </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">comprehensive</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Retained</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">controlling</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">except number of shares)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">shares</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">value</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">surplus</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(loss)
  income</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">earnings</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">interests</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">equity</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balances, beginning of year</font></p>
  </td>
 <td colspan=3 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 256,964,756&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 440.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 466.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 914.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 932.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net income</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 180.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 180.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 182.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other comprehensive income (loss):</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign currency translation</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net changes in cash flow hedges</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.3)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=25% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit plan actuarial losses</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (47.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (47.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (47.5)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total comprehensive income</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 132.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 132.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 134.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Stock options exercised</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 538,600&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Optional cash purchase</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 898&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Stock dividends</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 762,041&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Transfer upon exercise of stock options</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.6)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Share-based payments</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Dividends</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (33.4)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (33.4)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (33.4)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balances, end of year</font></p>
  </td>
 <td colspan=3 valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 258,266,295&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 454.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 19.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 558.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,021.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,042.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=2% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=16 valign=bottom width=54% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Attributable
  to equity holders of the Company</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Year ended March 31, 2011</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Common
  shares</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated
  other</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions of Canadian dollars,</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Number
  of</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Stated</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contributed
  </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">comprehensive</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Retained</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">controlling</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">except number of shares)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">shares</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">value</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">surplus</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(loss)
  income</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">earnings</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">interests</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">equity</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balances, beginning of year</font></p>
  </td>
 <td colspan=3 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 256,516,994&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 436.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 338.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 800.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 818.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net income</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 160.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 160.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 160.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other comprehensive income (loss):</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign currency translation</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net changes in cash flow hedges</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=25% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net change in available-for-sale financial instruments</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=25% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit plan actuarial gains</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total comprehensive income (loss)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (21.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 166.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 145.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 146.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Stock options exercised</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 394,850&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Stock dividends</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 52,912&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Transfer upon exercise of stock options</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.0)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Share-based payments</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Acquisition of non-controlling interests</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Dividends</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (37.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (37.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (37.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=23% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balances, end of year</font></p>
  </td>
 <td colspan=3 valign=bottom width=13% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 256,964,756&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 440.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 466.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 914.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 932.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td colspan=25 valign=bottom width=95% style="background:white;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The total retained earnings and accumulated other comprehensive
  (loss) income for the year ended March 31, 2012 was $548.2 million (2011 &#8211;
  $456.6 million).</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=26 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The accompanying notes form an integral part of these
  Consolidated Financial Statements.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>









<a name="_bclFooter7"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 7</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader8"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:505.500000pt;">
 <tr style="height:16.5pt;">
  <td colspan=12 valign=bottom width=100% style="background:white;height:16.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;">Consolidated Statement of
  Cash Flows</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions of Canadian dollars)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Operating activities</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net income</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 182.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 160.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Adjustments to reconcile net income to cash flows from operating
  activities:</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Depreciation of property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 92.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 85.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amortization of intangible and other assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 33.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 24.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financing cost amortization</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">23</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred income taxes</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">17</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 36.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 52.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Investment tax credits</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.5)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (17.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Share-based payments</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">24</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit pension plans</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">15</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (13.1)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (12.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amortization of other non-current liabilities</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (12.0)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.3)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Changes in non-cash working capital </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">25</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (71.7)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (79.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net cash provided by operating activities</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 233.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 226.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Investing activities</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Business combinations, net of cash and cash equivalents acquired
  </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (126.0)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (71.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Joint venture, net of cash and cash equivalents acquired</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">4</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (27.6)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Capital expenditures for property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (165.7)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (111.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Proceeds from disposal of property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 34.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Capitalized development costs</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (42.8)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (22.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Enterprise resource planning (ERP) and other software</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (17.3)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (18.5)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.8)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net cash used in investing activities</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (340.0)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (230.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financing activities</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net borrowing under revolving unsecured credit facilities</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net effect of current financial assets program</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">30</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Proceeds from long-term debt, net of transaction costs</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 195.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 44.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Repayment of long-term debt</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (36.1)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (44.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Proceeds from finance lease</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Repayment of finance lease</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (32.8)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (33.5)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Dividends paid</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (33.4)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (37.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Common stock issuance</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.7)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.8)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=74% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net cash provided by (used in) financing activities</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 115.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (27.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net increase (decrease) in cash and cash equivalents</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (32.5)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash and cash equivalents, beginning of year</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 276.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 312.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Effect of foreign exchange rate changes on cash </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">and cash equivalents</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash and cash equivalents, end of year</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 287.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 276.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Supplemental information:</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Dividends received</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">6.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Interest paid</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 49.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">48.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Interest received</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">3.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes paid</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 26.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">14.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=12 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The accompanying notes form an integral part of these
  Consolidated Financial Statements.</font></p>
  </td>
 </tr>
</table></div>









<a name="_bclFooter8"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">8 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader9"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face=Helvetica,sans-serif lang=EN-CA style="font-size:15.0pt;font-weight:normal;text-transform:none;">Notes to the
Consolidated Financial Statements </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;">(Unless otherwise stated, all amounts are in millions
of Canadian dollars)</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The consolidated financial statements were authorized for issue by the
board of directors on May 23, 2012.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 1 &#8211; NATURE OF OPERATIONS AND summary of SIGNIFICANT ACCOUNTING
POLICIES</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Nature of
operations&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">CAE Inc. and its
subsidiaries (or the Company) design, manufacture and supply simulation
equipment services and develop integrated training solutions for the military,
commercial airlines, business aircraft operators, aircraft manufacturers,
healthcare education and service providers and the mining industry. CAE&#8217;s
flight simulators replicate aircraft performance in normal and abnormal
operations as well as a comprehensive set of environmental conditions utilizing
visual systems that contain an extensive database of airports, other landing
areas, flying environments, motion and sound cues to create a fully immersive training
environment. The Company offers a range of flight training devices based on the
same software used on its simulators. The Company also operates a global
network of training centres in locations around the world.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company&#8217;s
operations are managed through five segments:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(i)&#160;&#160;&#160; Training &amp; Services/Civil (TS/C) &#8211; Provides
business, commercial and helicopter aviation training for flight, cabin,
maintenance and ground personnel and associated services;</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(ii)&#160;&#160; Simulation Products/Civil (SP/C) &#8211; Designs, manufactures
and supplies civil flight simulation training devices and visual systems; </font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(iii)&#160; Simulation Products/Military (SP/M) &#8211; Designs,
manufactures and supplies advanced military training equipment and software
tools for air forces, armies and navies;</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> &nbsp;</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(iv)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Training &amp; Services/Military (TS/M) &#8211;
Supplies turnkey training services, maintenance and support services,
simulation-based professional services and in-service support solutions;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(v)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">New Core Markets (NCM) &#8211;
Provides, designs and manufactures healthcare training services and devices and
mining services and tools.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">CAE is a limited
liability company incorporated and domiciled in Canada. The address of the main
office is 8585 C&#244;te-de-Liesse, Saint-Laurent, Qu&#233;bec, Canada, H4T 1G6. CAE
shares are traded on the Toronto Stock Exchange and on the New York Stock
Exchange.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Basis of
preparation</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The key accounting
policies applied in the preparation of these consolidated financial statements
are described below. These policies have been consistently applied to all years
presented, unless otherwise stated. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The consolidated
financial statements of CAE have been prepared in accordance with Part I of the
Canadian Institute of Chartered Accountants (CICA) Handbook (referred to as
IFRS) as issued by the International Accounting Standards Board (IASB). The
accounting policies and basis of preparation differ from those set out in the
Annual Report for the year ended March&nbsp;31,&nbsp;2011, which was prepared
in accordance with Part V of the CICA Handbook (referred to as previous Canadian
Generally Accepted Accounting Principles (previous Canadian GAAP)). Details of
the effect of the transition from previous Canadian GAAP to IFRS on the
Company&#8217;s reported financial position, financial performance and cash flows are
provided in Note 2. Comparative figures for fiscal 2011 in these consolidated
financial statements have been restated to give effect to these changes.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The consolidated
financial statements have been prepared under the historical cost convention,
except for the following items measured at fair value: derivative financial
instruments, financial instruments at fair value through profit and loss,
available&#8209;for&#8209;sale financial assets and liabilities for
cash-settled share-based arrangements, and as modified by the transitional
provisions permitted by IFRS 1 (see Note 2).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&#160;&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">The functional and presentation
currency of CAE Inc. is the Canadian dollar.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Basis of
consolidation</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Subsidiaries</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Subsidiaries are
all entities (including special purpose entities) over which the Company has
the power to govern the financial and operating policies to obtain benefits
from its activities. Subsidiaries are fully consolidated from the date control
is obtained and they are de-consolidated on the date control ceases. When
subsidiaries&#8217; financial statements are prepared in accordance with local GAAP,
these financial statements are converted to IFRS for consolidation purposes.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">All significant
intercompany balances, transactions, income and expenses are eliminated in
full. As well, profits and losses resulting from intercompany transactions that
are recognized in assets, such as inventories and property, plant and
equipment, are eliminated in full.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">&nbsp;</font></i></b></p>





<a name="_bclFooter9"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 9</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_10"></a><a name="_bclPageBorder10"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader10"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Joint ventures</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Joint ventures are
accounted for under the proportionate consolidation method. Joint ventures are
companies in which the Company exercises joint control by virtue of a
contractual agreement. The Company&#8217;s investment in joint ventures includes
goodwill identified on acquisition, net of any accumulated impairment loss.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Gains and losses
realized on internal sales with joint ventures are eliminated, to the extent of
the Company&#8217;s interest in the joint venture.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Business
combinations </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Business
combinations are accounted for under the acquisition method. The consideration
transferred for the acquisition of a subsidiary is the fair value of the assets
transferred, the liabilities incurred and the equity interests issued by the
Company, if any, at the date control is obtained. The consideration transferred
includes the fair value of any liability resulting from a contingent
consideration arrangement. Acquisition-related costs, other than share and debt
issue costs incurred to issue financial instruments that form part of the
consideration transferred, are expensed as incurred. Identifiable assets
acquired and liabilities assumed in a business combination are measured
initially at their fair value at the acquisition date. If a business
combination is achieved in stages, the Company remeasures its previously held
interest in the acquiree at its acquisition-date fair value and recognizes the
resulting gain or loss, if any, in net income.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The excess of the
consideration transferred over the fair value of the Company&#8217;s share of the
identifiable net assets acquired is recorded as goodwill. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Contingent
consideration classified as a provision is measured at fair value, with
subsequent changes recognized in income. If the contingent consideration is
classified as equity, it is not remeasured until it is finally settled within
equity.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">New information
obtained during the measurement period, up to 12 months following the
acquisition date, about facts and circumstances existing at the acquisition
date will be accounted for as an adjustment to goodwill; otherwise, it will be
recognized in income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Non-controlling
interests</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Non-controlling
interests (NCI) represent equity interests in subsidiaries owned by outside
parties. The share of net assets of subsidiaries attributable to
non-controlling interests is presented as a component of equity. NCI&#8217;s share of
net income and comprehensive income is recognized directly in equity. Changes
in the Company&#8217;s ownership interest in subsidiaries that do not result in a
loss of control are accounted for as equity transactions.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company treats
transactions with non-controlling interests as transactions with equity owners
of the Company. For interests purchased from non-controlling interests, the
difference between any consideration paid and the relevant share acquired of
the carrying value of net assets of the subsidiary is recorded in equity. Gains
or losses on disposals of non-controlling interests are also recorded in
equity.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Financial
instruments and hedging relationships</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Financial instruments</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Financial assets and financial
liabilities</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">A financial
instrument is any contract that gives rise to a financial asset of one entity
and a financial liability or equity instrument of another entity. Financial
instruments in the form of financial assets and financial liabilities are
generally presented separately. Financial assets and financial liabilities,
including derivatives, are recognized on the consolidated statement of
financial position when the Company becomes a party to the contractual
provisions of the financial instrument. On initial recognition, all financial
instruments are measured at fair value. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value of
a financial instrument is the amount at which the financial instrument could be
exchanged in an arm&#8217;s-length transaction between knowledgeable and willing
parties under no compulsion to act. The best evidence of fair value at initial
recognition is the transaction price (i.e., the fair value of the consideration
given or received), unless the fair value of that instrument is evidenced by
comparison with other observable current market transactions in the same
instrument (i.e., without modification or repackaging) or based on a valuation
technique whose variables include only data from observable markets. When there
is a difference between the fair value of the consideration given or received
at initial recognition and the amount determined using a valuation technique,
such difference is recognized immediately in income unless it qualifies for
recognition as some other type of asset or liability. Subsequent measurement of
the financial instruments is based on their classification as described below.
Financial assets and financial liabilities can be classified into one of these
categories: fair value through profit and loss, held-to-maturity investments,
loans and receivables, other financial liabilities and available-for-sale. The
determination of the classification depends on the purpose for which the
financial instruments were acquired and their characteristics. Except in very
limited circumstances, the classification is not changed subsequent to the initial recognition.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">&nbsp;</font></i></p>





<a name="_bclFooter10"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">10 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_11"></a><a name="_bclPageBorder11"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader11"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Financial
instruments at fair value through profit and loss</font></i></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial instruments classified at fair
value through profit and loss (FVTPL) are carried at fair value at each
reporting date with the change in fair value recorded in income. The FVTPL
classification is applied when a financial instrument:</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Is a derivative, including embedded derivatives accounted for
separately from the host contract, but excluding those derivatives designated
as effective hedging instruments;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Has been acquired or incurred principally for the purpose of
selling or repurchasing in the near future;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Is part of a portfolio of financial instruments that are managed
together and for which there is evidence of a recent actual pattern of
short-term profit-taking; or</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Has been irrevocably designated as such by the Company (fair
value option).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Held-to-maturity investments, loans and receivables and
other financial liabilities</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial
instruments classified as held-to-maturity investments, loans and receivables
and other financial liabilities are carried at amortized cost using the
effective interest method. Interest income or expense is included in income in
the period as incurred. </font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Available-for-sale</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Available-for-sale
financial assets are non-derivative financial assets that are designated as
available-for-sale or that are not classified in any of the preceding
categories. Financial assets classified as available-for-sale are carried at
fair value at each reporting date. Unrealized gains and losses, including
changes in foreign exchange rates, are recognized in other comprehensive income
(loss) (OCI) in the period in which the changes arise and are transferred to
income when the assets are derecognized or an other than temporary impairment
occurs. If objective evidence of impairment exists these changes are recognized
in income in the period incurred. Also, any changes in the initial fair value
resulting from currency fluctuation are recognized in income in the period
incurred. If a reliable estimate of the fair value of an unquoted equity
instrument cannot be made, this instrument is measured at cost, less any
impairment losses. Dividends are recognized in income when the right of payment
has been established.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">As a result, the following classifications
were determined:</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(i)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Cash and cash equivalents, restricted cash
and all derivative instruments, except for derivatives designated as effective
hedging instruments, are classified as FVTPL;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(ii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Accounts receivable, qualifying contracts in
progress, non-current receivables and advances are classified as loans and
receivables, except for those that the Company intends to sell immediately or
in the near term, which are classified as FVTPL;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(iii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Portfolio investments are classified as
available-for-sale;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(iv)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Accounts payable and accrued liabilities and
long-term debt, including interest payable, as well as finance lease
obligations are classified as other financial liabilities, all of which are
measured at amortized cost using the effective interest rate method;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(v)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">To date, the Company has
not classified any financial assets as held-to-maturity.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Transaction costs</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Transaction costs
that are directly related to the acquisition or issuance of financial assets
and financial liabilities (other than those classified as FVTPL) are included
in the fair value initially recognized for those financial instruments. These
costs are amortized to income using the effective interest rate method.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Offsetting of financial assets and financial liabilities</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial assets
and financial liabilities are offset and the net amount is presented in the
consolidated statement of financial position when the Company has a legally
enforceable right to set off the recognized amounts and intends to settle on a
net basis or to realize the assets and settle the liabilities simultaneously.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Impairment of financial assets</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">At each reporting
date, the carrying amounts of the financial assets other than those to be
measured at FVTPL are assessed to determine whether there is objective evidence
of impairment. Impairment losses on financial assets carried at cost are
reversed in subsequent periods if the amount of loss decreases and the decrease
can be related objectively to an event occurring after the impairment was
recognized. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Hedge
accounting</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Documentation</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">At the inception
of a hedge, if the Company elects to use hedge accounting, the Company formally
documents the designation of the hedge, the risk management objectives and
strategy, the hedging relationship between the hedged item and hedging item and
the method for testing the effectiveness of the hedge, which must be reasonably
assured over the term of the hedging relationship and can be reliably measured.
The Company formally assesses, both at inception of the hedge relationship and
on an ongoing basis, whether the derivatives that are used in hedging
transactions are highly effective in offsetting changes in fair values or cash
flows of hedged items in relation to the hedged risk.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">&nbsp;</font></i></p>





<a name="_bclFooter11"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 11</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_12"></a><a name="_bclPageBorder12"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader12"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Method of
accounting</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The method of
recognizing fair value gains and losses depends on whether derivatives are at
FVTPL or are designated as hedging instruments, and, if the latter, the nature
of the risks being hedged. All gains and losses from changes in the fair value
of derivatives not designated as hedges are recognized in income. When
derivatives are designated as hedges, the Company classifies them either as:
(a) hedges of the change in fair value of recognized assets or liabilities or
firm commitments (fair value hedges); or (b) hedges of the variability in
highly probable future cash flows attributable to a recognized asset or
liability, a firm commitment or a forecasted transaction (cash flow hedges); or
(c) hedges of a net investment of a foreign operation.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Fair value hedge</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">For fair value
hedges outstanding, gains or losses arising from the measurement of derivative
hedging instruments at fair value are recorded in income and the carrying
amount of the hedged items are adjusted by gains and losses on the hedged item
attributable to the hedged risks which are recorded in income.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Cash flow hedge</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The effective
portion of changes in the fair value of derivative instruments that are
designated and qualify as cash flow hedges is recognized in OCI, while the
ineffective portion is recognized immediately in income. Amounts accumulated in
OCI are reclassified to income in the period in which the hedged item affects
income. However, when the forecasted transactions that are hedged items result
in recognition of non-financial assets (for example, inventories or property,
plant and equipment), gains and losses previously recognized in OCI are
included in the initial carrying value of the related non-financial assets
acquired or liabilities incurred. The deferred amounts are ultimately
recognized in income as the related non-financial assets are derecognized or
amortized.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Hedge accounting
is discontinued prospectively when the hedging relationship no longer meets the
criteria for hedge accounting, when the designation is revoked, or when the
hedging instrument expires or is sold. Any cumulative gain or loss directly
recognized in OCI at that time remains in OCI until the hedged item is
eventually recognized in income. When it is probable that a hedged transaction
will not occur, the cumulative gain or loss that was recognized in OCI is
recognized immediately in income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Hedge of net investments in foreign operations</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company has
designated certain long-term debt as a hedge of CAE&#8217;s overall net investments
in foreign operations whose activities are denominated in a currency other than
the Company&#8217;s functional currency. The portion of gains or losses on the
hedging item that is determined to be an effective hedge is recognized in OCI,
net of tax and is limited to the translation gain or loss on the net
investment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Derecognition</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Financial assets</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">A financial asset
(or, where applicable a part of a financial asset or part of a group of similar
financial assets) is derecognized when: </font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The rights to receive cash flows from the asset have expired;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The Company has transferred its rights to receive cash flows from
the asset and either has transferred substantially all the risks and rewards of
the asset or has neither transferred nor retained substantially all the risks
and rewards of the asset, but has transferred control of the asset.</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Financial liabilities</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">A financial
liability is derecognized when the obligation under the liability is
discharged, cancelled or expires.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">When an existing
financial liability is replaced by another from the same lender on
substantially different terms, or the terms of an existing liability are
substantially modified, such an exchange or modification is treated as a
derecognition of the original liability and the recognition of a new liability,
and the difference in the respective carrying amounts is recognized in income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Foreign
currency translation</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Foreign
operations </font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Assets and
liabilities of subsidiaries that have a functional currency other than the
Canadian dollar are translated from their functional currency to Canadian
dollars at exchange rates in effect at the reporting date. The resulting
translation adjustments are included in the foreign currency translation
adjustment reserve in equity. Translation gains or losses related to long term
intercompany account balances, which form part of the overall net investment in
foreign operations, and those arising from the translation of debt denominated
in foreign currencies and designated as hedges on the overall net investments
in foreign operations are also included in the foreign currency translation
adjustment reserve. Revenue and expenses are translated at the average exchange
rates for the period.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">When the Company
reduces its overall net investment in foreign operations, which includes a
reduction in the initial capital that does not result in a loss of control or
through the settlement of inter-company advances that had been considered part
of the Company&#8217;s overall net investment, the relevant amount in the foreign
currency translation adjustment reserve is transferred to income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>





<a name="_bclFooter12"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">12 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_13"></a><a name="_bclPageBorder13"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader13"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Transactions and balances</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Monetary assets
and liabilities denominated in foreign currencies are translated at the
prevailing exchange rate at the reporting date. Non-monetary assets and
liabilities, and revenue and expense items denominated in foreign currencies
are translated into the functional currency using the exchange rate prevailing
at the dates of the respective transactions. Foreign exchange gains and losses
resulting from the settlement of such transactions are recognized in income.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Cash and cash
equivalents</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Cash and cash
equivalents consist of cash and highly-liquid investments with original terms
to maturity of 90 days or less at the date of purchase.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Accounts
receivable</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Receivables are
initially recognized at fair value and are subsequently carried at amortized
cost, net of an allowance for doubtful accounts, based on expected
recoverability. The amount of the allowance is the difference between the
asset&#8217;s carrying amount and the present value of the estimated future cash
flows, discounted at the original effective interest rate. The loss is
recognized in income. Subsequent recoveries of amounts previously provided for
or written-off are credited against the same account.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company is
involved in a program in which it sells undivided interests in certain of its
accounts receivable and contracts in progress: assets (current financial assets
program) to third parties for cash consideration for an amount up to $150.0
million without recourse to the Company. The Company continues to act as a
collection agent. These transactions are accounted for when the Company is considered
to have surrendered control over the transferred accounts receivable and
contracts in progress: assets.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Contracts in
progress: assets</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Contracts in
progress, resulting from applying the percentage-of-completion method, are
value based on materials, direct labour, relevant manufacturing overhead and
estimated contract margins. (Refer to Accounts receivable for sale of contracts
in progress: assets).</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Inventories</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Raw materials are
valued at the lower of average cost and net realizable value. Spare parts to be
used in the normal course of business are valued at the lower of cost,
determined on a specific identification basis, and net realizable value.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Work in progress
is stated at the lower of cost, determined on a specific identification basis,
and net realizable value. The cost of work in progress includes material,
labour and an allocation of manufacturing overhead, which is based on normal
operating capacity. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Net realizable
value is the estimated selling price in the ordinary course of business, less
estimated costs of completion and the estimated costs necessary to make the
sale. In the case of raw materials and spare parts, the replacement cost is the
best measure of net realizable value.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Property,
plant and equipment </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Property, plant
and equipment are recorded at cost less any accumulated depreciation and any
accumulated net impairment losses. Costs include expenditures that are directly
attributable to the acquisition or manufacturing of the item. The cost of an
item of property, plant and equipment that is initially recognized includes,
when applicable, the initial present value estimate of the costs required to
dismantle and remove the asset and restore the site on which it is located at
the end of its useful life. Purchased software that is integral to the
functionality of the related equipment is capitalized as part of that
equipment. Subsequent costs are included in the asset&#8217;s carrying amount or
recognized as a separate asset, as appropriate, only when it is probable that
future economic benefits are present and the cost of the item can be measured
reliably. Updates on training devices are recognized in the carrying value of
the training device if it is probable that the future economic benefits
embodied with the part will flow to the Company and its cost can be measured
reliably; otherwise, they are expensed. The costs of day-to-day servicing of
property, plant and equipment are recognized in income as incurred.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">A loss on disposal
is recognized in income when the carrying value of a replaced item is
derecognized, unless the item is transferred to inventories. If it is not
practicable to determine the carrying value, the cost of the replacement and
the accumulated depreciation calculated by reference to that cost will be used
to derecognize the replaced part. Gains and losses on disposal of property,
plant and equipment are determined by comparing the proceeds from disposal with
its carrying amount, and are recognized net within other gains and losses. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>





<a name="_bclFooter13"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 13</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_14"></a><a name="_bclPageBorder14"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader14"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The different components of property, plant and equipment are recognized
separately when their useful lives are materially different and such components
are depreciated separately in income. Leased assets are depreciated over the
shorter of the lease term and their useful lives. If it is reasonably certain
that the Company will obtain ownership by the end of the lease term, the leased
asset is depreciated over its useful life. Land is not depreciated. The
estimated useful lives, residual values and depreciation methods are as
follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=34% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=30% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Method</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Rates/Years</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=37% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Buildings and improvements</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Declining
  balance/Straight-line</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.5
  to 10%/3 to 20 years</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=37% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Simulators</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Straight-line
  (10% residual)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Not
  exceeding 25 years</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=37% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Machinery and equipment</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Declining
  balance/Straight-line</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">20
  to 35%/2 to 10 years</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=37% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Aircraft</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Straight-line
  (15% residual)</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Not
  exceeding 12 years</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=37% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Aircraft engines</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Based
  on utilization</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Not
  exceeding 3,000 hours</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=34% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=30% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Depreciation methods,
  useful lives and residual values, when applicable, are reviewed and adjusted,
  if appropriate, on a prospective basis at each reporting date.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Leases</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company leases
certain property, plant and equipment from and to others. Leases where the
Company has substantially all the risks and rewards of ownership are classified
as finance leases. All other leases are accounted for as operating leases.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.0pt;line-height:115%;">The Company as a lessor</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">With regards to
finance leases, the asset is derecognized at the commencement of the lease and
a gain (loss) is recognized in income. The net present value of the minimum
lease payments and any discounted unguaranteed residual value are recognized as
non&#8209;current receivables. Income from operating leases is recognized on a
straight-line basis over the term of the corresponding lease.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.0pt;line-height:115%;">The Company as a lessee</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Finance leases are
capitalized at the lease&#8217;s commencement at the lower of the fair value of the
leased item and the present value of the minimum lease payments. Any initial
direct costs of the lessee are added to the amount recognized as an asset. The
corresponding obligations are included in long-term debt. Payments made under
operating leases are charged to income on a straight-line basis over the period
of the lease.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.0pt;line-height:115%;">Sale and leaseback transactions</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
engages in sales and leaseback transactions as part of the Company&#8217;s financing
strategy to support investment in the civil and military training and services
business. Where a sale and leaseback transaction results in a finance lease,
any excess of sales proceeds over the carrying amount is deferred and amortized
over the lease term. Where a sale and leaseback transaction results in an
operating lease, and it is clear that the transaction is established at fair
value, any profit or loss is recognized immediately. If the sales price is
below fair value, the shortfall is recognized in income immediately except
that, if the loss is compensated for by future lease payments at below market
price, it is deferred and amortized in proportion to the lease payments over
the period for which the asset is expected to be used. If the sale price is
above fair value, the excess over fair value is deferred and amortized over the
period the asset is expected to be used.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Intangible
assets </font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.0pt;line-height:115%;">Goodwill</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;font-style:normal;font-weight:normal;line-height:115%;">Goodwill is measured at cost less
accumulated impairment losses, if any.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Goodwill arises on
the acquisition of subsidiaries and joint ventures. Goodwill represents the
excess of the cost of an acquisition, including the Company&#8217;s best estimate of
the fair value of contingent consideration, over the fair value of the
Company&#8217;s share of the net identifiable assets of the acquired subsidiary or
joint venture at the acquisition date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Gains and losses
on the disposal of an entity include the carrying amount of goodwill relating
to the entity sold.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Goodwill is
allocated to cash-generating units (CGUs) or groups of CGUs that are expected
to benefit from the related business combination.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.0pt;line-height:115%;">Research and development (R&amp;D)</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Research costs are
expensed as incurred. Development costs are also charged to income in the
period incurred unless they meet all the specific capitalization criteria
established in IAS 38, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Intangible Assets</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. Capitalized development costs
are stated at cost and net of accumulated amortization and accumulated
impairment losses, if any. Amortization of the capitalized development costs
commences when the asset is available for use and is included in research and
development expense.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.0pt;line-height:115%;">Other intangible assets</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Intangible assets
acquired separately are measured at cost upon initial recognition. The cost of
intangible assets acquired in a business combination is the fair value as at
the acquisition date. Following initial recognition, intangible assets are
carried at cost, net of accumulated amortization and accumulated impairment
losses, if any.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>


<a name="_bclFooter14"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">14 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_15"></a><a name="_bclPageBorder15"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader15"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The cost of an internally generated intangible asset comprises all
directly attributable costs necessary to create, produce, and prepare the asset
to be capable of operating in the manner intended by management. Subsequent
costs are recognized in the carrying amount of the item if it is probable that
the future economic benefits embodied with the item will flow to the Company
and its cost can be measured reliably.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Gains and losses
on disposal of intangible assets are determined by comparing the proceeds from
disposal with its carrying amount and are recognized within other gains and
losses. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:15.0pt;">
  <td colspan=2 valign=bottom width=73% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Amortization</font></i></b></p>
  </td>
 <td valign=bottom width=27% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Amortization is calculated using the straight-line method for
  all intangible assets over their estimated useful lives as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Amortization
  period</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(in
  years)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=73% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Capitalized development costs</font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Not
  exceeding 10</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=73% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Customer relationships</font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3 to
  20</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=73% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">ERP and other software</font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3 to
  10</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=73% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Technology</font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3 to
  15</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=73% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other intangible assets</font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2 to
  20</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Amortization methods and useful lives are reviewed and adjusted,
  if appropriate, on a prospective basis at each reporting date.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Impairment of non-financial assets</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The carrying
amounts of the Company&#8217;s non-financial assets, other than inventories, deferred
tax assets and assets arising from employee benefits are tested for impairment
whenever events or changes in circumstances indicate that the carrying amount
may not be recoverable. Goodwill and assets that have indefinite lives or that
are not yet available for use are tested for impairment annually or at any time
if an indicator of impairment exists.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The recoverable
amount of an asset or CGU is the greater of its value in use and its fair value
less costs to sell. The recoverable amount is determined for an individual
asset; unless the asset does not generate cash inflows that are largely
independent of those from other assets or groups of assets. In such case, the
CGU that the asset belongs to is used to determine the recoverable amount.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">For the purposes
of impairment testing, the goodwill acquired in a business combination is
allocated to CGUs, which generally corresponds to its operating segments or one
level below, that are expected to benefit from the synergies of the
combination, irrespective of whether other assets or liabilities of the
acquiree are assigned to those units.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">An impairment loss
is recognized if the carrying amount of an asset or CGU exceeds its estimated
recoverable amount. Where the recoverable amount of a CGU to which goodwill has
been allocated is lower than the CGU&#8217;s carrying amount, the related goodwill is
impaired. Any remaining amount of impairment exceeding the impaired goodwill is
recognized on a pro rata basis of the carrying amount of each asset in the
respective CGU. Impairment losses are recognized in income.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
evaluates impairment losses, other than goodwill impairment, for potential
reversals at each reporting date. An impairment loss is reversed if there is
any indication that the loss has decreased or no longer exists due to changes
in the estimates used to determine the recoverable amount. An impairment loss
is reversed only to the extent that the asset&#8217;s carrying amount does not exceed
the carrying amount that would have been determined, net of depreciation or
amortization, if no impairment loss had been recognized. Such reversal is
recognized in income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Borrowing costs</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Borrowing costs
that are directly attributable to the acquisition or construction of a
qualifying asset are capitalized as part of the cost of the asset. A qualifying
asset is one that necessarily takes a substantial period of time to get ready
for its intended use or sale. Capitalization of borrowing costs ceases when the
asset is completed and ready for productive use. All other borrowing costs are
recognized as finance expense in income, as incurred.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>





<a name="_bclFooter15"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 15</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_16"></a><a name="_bclPageBorder16"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader16"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Other assets</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Restricted cash</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company is
required to hold a defined amount of cash as collateral under the terms of
certain subsidiaries&#8217; external bank financing, government-related sales
contracts and business combination arrangements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Deferred financing
costs</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Deferred financing
costs related to the revolving unsecured term credit facilities, when it is
probable that some or all of the facilities will be drawn down, and deferred
financing costs related to sale and leaseback agreements are included in other
assets at cost and are amortized on a straight-line basis over the term of the
related financing agreements.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&#160;&nbsp;</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Accounts payable and accrued liabilities</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Accounts payable
and accrued liabilities are recognized initially at fair value and subsequently
measured at amortized cost using the effective interest method.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Provisions</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Provisions are
recognized when the Company has a present or legal or constructive obligation
as a result of past events, it is probable that an outflow of resources will be
required to settle the obligation and the amount can be reliably estimated.
Provisions are not recognized for future operating losses. Provisions are
measured at the present value of the expenditures expected to be required to
settle the obligation using a pre-tax rate that reflects current market
assessments of the time value of money and the risks specific to the
obligation. The increase in the provision due to passage of time is recognized
as a finance expense. When there are a number of similar obligations, the
likelihood that an outflow will be required in settlement is determined by
considering the class of obligations as a whole. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Long-term debt</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Long-term debt is
recognized initially at fair value, net of transaction costs incurred. They are
subsequently stated at amortized cost. Any difference between the proceeds (net
of transaction costs) and the redemption value is recognized in income over the
period of borrowings using the effective interest method.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Fees paid on the
establishment of loan facilities are recognized as transaction costs of the
loan to the extent that it is probable that some or all of the facility will be
drawn down. In these cases, the fee is deferred until the draw-down occurs. To
the extent that there is no evidence that it is probable that some or all of
the facility will be drawn down, the fee is capitalized as a pre-payment for
liquidity services and amortized over the period of the facility to which it
relates.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Share capital</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Common shares are
classified as equity. Incremental costs directly attributable to the issue of
new shares or options are shown in equity as a deduction, net of tax, from the
proceeds.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Accumulated other comprehensive income</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Foreign currency
translation</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">This is used to
record exchange differences arising from the translation of the financial statements
of foreign operations. It is also used to record the effect of hedging net
investments in foreign operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Net changes in cash flow hedges </font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">This represents
the effective portion of the cumulative net change in the fair value of cash
flow hedging instruments related to hedged transactions that have not yet
occurred.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Net changes in available-for-sale</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">This records fair
value changes on available-for-sale financial assets.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Defined benefit plan actuarial losses </font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">This is used to
record actuarial gains and losses of defined benefit plans in the period in
which they occur.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>





<a name="_bclFooter16"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">16 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_17"></a><a name="_bclPageBorder17"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader17"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Revenue
recognition</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Multiple component arrangements</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
sometimes enters into multiple component revenue arrangements, which may
include a combination of design, engineering and manufacturing of flight
simulators, as well as the provision of spare parts and maintenance. When a
single sales transaction requires the delivery of more than one product or
service (multiple components), the revenue recognition criteria are applied to
the separately identifiable components. A component is considered separately
identifiable if the delivered
item has value to the customer on a stand-alone basis and the fair value
associated with the product or service can be measured reliably.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The allocation of
the revenue from a multiple component arrangement is based on the fair value of
each element in relation to the fair value of the arrangement as a whole.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company's
revenues can be divided into two main accounting categories: construction contracts
and sales of goods and services.&nbsp; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Construction contracts</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">A construction
contract is a contract specifically negotiated for the construction of an asset
or of a group of assets, which are interrelated in terms of their
design,&nbsp;technology, function, purpose or use.&nbsp;According to its
characteristics, a construction contract can either be accounted for
separately, be segmented into several components which are each accounted for
separately, or be combined with another construction contract in order to form
a single construction contract for accounting purposes in respect of which
revenues and expense will be recognized.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Revenue
from&nbsp;construction contracts for the design, engineering and manufacturing
of&nbsp;training devices&nbsp;is recognized using the percentage-of-completion
method when the revenue, contract costs to complete and the stage of contract
completion at the end of the reporting period can be measured reliably and when
the contract costs can be clearly identified and measured reliably so that actual
contract costs incurred can be compared with prior estimates, and the economic
benefits associated with the transaction will flow to the Company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Provisions for
estimated contract losses are recognized in the period in which the loss is
determined. Contract losses are measured at the amount by which the estimated
total costs exceed the estimated total revenue from the contract. Warranty
provisions are recorded when revenue is recognized based on past experience. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Progress payments
received on construction contracts are deducted from the amount due from the
customer as the contract is completed.&nbsp;Progress payments received before
the corresponding work has been performed are classified as contracts in
progress: liabilities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The cumulative
amount of costs incurred and profit recognized, reduced by losses and progress
billing, is determined on a contract&#8209;by&#8209;contract basis.&nbsp;If
this amount is positive it is classified as an asset.&nbsp;If this amount
is&nbsp;negative&nbsp;it is classified as a liability.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Post-delivery customer
support is billed separately, and revenue is recognized over the support
period.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Sales of goods and services</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Software
arrangements&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Revenue from
off-the-shelf&nbsp;software&nbsp;sales&nbsp;is recognized when it is probable
that the economic benefits will flow to the Company, the revenue can be
measured reliably and delivery has occurred. Revenue from fixed-price software
arrangements and software customization contracts that require significant
production, modification, or customization of software&nbsp;fall under the
scope of construction contracts and&nbsp;are recognized using the
percentage-of-completion method.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Spare
parts</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Revenue from the
sale of spare parts is recognized when the significant risks and rewards of
ownership of the goods are transferred, the
Company retains neither continuing managerial involvement to the degree usually
associated with ownership nor effective control over the goods sold, the
revenue and the costs incurred in respect to the transaction can be measured
reliably and the economic benefits associated with the transaction will flow to
the Company.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Product
maintenance</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Revenue from
maintenance contracts is generally recognized on the basis of the
percentage-of-completion of the transaction&nbsp;when it is probable that the
future economic benefits will flow to the Company and when the amount of
revenue can be measured reliably.&nbsp; Under the percentage-of-completion
method, revenue is recorded as related costs are incurred, on the basis of the
percentage of actual costs incurred to date, related to the estimated total
costs to complete the contract.&nbsp;&nbsp;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;font-weight:normal;">Training
and consulting services</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Revenue from
training and consulting services is recognized as the services are rendered,
the revenue and the costs incurred or to be incurred in respect of the transaction
can be measured reliably and the economic benefits associated with the
transaction will flow to the Company. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">For flight
schools, cadet training courses are offered mainly by way of ground school and
live aircraft flight. During the ground school phase, revenue is recognized in
income on a straight-line basis, while during the live aircraft flight phase,
revenue is recognized based on actual hours flown.</font></p>





<a name="_bclFooter17"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 17</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_18"></a><a name="_bclPageBorder18"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader18"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Other</font></i></b></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Sales incentives to customers</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company may
provide sales incentives in the form of credits, free products and services,
and minimum residual value guarantees. Generally, credits and free products and
services are recorded at their estimated fair value as a reduction of revenues
or included in the cost of sales. Sales with minimum residual value guarantees
are recognized in accordance with the substance of the transaction taking into
consideration whether the risks and rewards of ownership have been transferred.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Non-monetary transactions</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company may
also enter into sales arrangements where little or no monetary consideration is
involved. The non-monetary transactions are measured at the more reliable
measure of the fair value of the asset given up and fair value of the asset
received.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Deferred revenue</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Cash payments
received or advances currently due pursuant to contractual arrangements are
recorded as deferred revenue until all of the foregoing conditions of revenue
recognition have been met.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Employee benefits </font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Defined benefit
pension plans</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
maintains defined benefit pension plans that provide benefits based on length
of service and final average earnings. The service costs and the pension
obligations are actuarially determined for each plan using the projected unit
credit method, management&#8217;s best estimate of expected plan investment
performance, salary escalation, retirement ages of employees and life
expectancy. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The defined
benefit asset or liability comprises the present value of the defined benefit
obligation at the reporting date, less past service costs not yet recognized
and less the fair value of plan assets out of which the obligations are to be
settled. The value of any employee benefit asset recognized is restricted to
the sum of any past service costs not yet recognized and the present value of
any economic benefits available in the form of refunds from the plan or
reductions in the future contributions to the plan (asset ceiling test).
Minimum funding requirements may give rise to an additional liability to the
extent they require paying contributions to cover an existing shortfall. Plan
assets are not available to the creditors of the Company nor can they be paid
directly to the Company. Fair value of plan assets is based on market price
information. Contributions reflect actuarial assumptions of future investment returns,
salary projections and future service benefits.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Actuarial gains
and losses arising from experience adjustments, changes in actuarial
assumptions and the effect of any asset ceiling and minimum liability are
recognized to OCI in the period in which they arise. Past service costs are
recognized as an expense on a straight-line basis over the average period until
the benefits become vested. To the extent that the benefits are already vested
following the introduction of, or changes to, a defined benefit plan, the
Company recognizes past service costs immediately into income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Defined
contribution pension plans</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company also
maintains defined contribution plans for which the Company pays fixed
contributions to publicly or privately administered pension insurance plans on
a mandatory, contractual or voluntary basis and will have no legal or
constructive obligation to pay further amounts. Obligations for contributions
to defined contribution pension plans are recognized as an employee benefit
expense in income as the services are provided. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Termination
benefits</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Termination
benefits are recognized as an expense when the Company is demonstrably
committed, without realistic possibility of withdrawal, to a formal detailed
plan to either terminate employment before the normal retirement date, or to
provide termination benefits as a result of an offer made to encourage
voluntary redundancy. Termination benefits for voluntary redundancies are
recognized as an expense, if the Company has made an offer of voluntary
redundancy, based on the number of employees expected to accept the offer.
Benefits falling due more than 12 months after the reporting date are
discounted to their present value.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Share-based payment
transactions</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company&#8217;s five
share-based payment plans are segregated into two categories of plans: Employee
Stock Option Plan (ESOP), which is considered an equity-settled share-based
payment plan; and Employee Stock Purchase Plan (ESPP), Deferred Share Unit
(DSU) plan, Long-Term Incentive Deferred Share Unit (LTI-DSU) plan and
Long-Term Incentive Restricted Share Unit (LTI-RSU) plan, which are considered
cash-settled share-based payment plans.&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">For both
categories, the fair value of the employee services received in exchange is
recognized as an expense in income. Service and non-market performance
conditions attached to the transactions are not taken into account in
determining fair value. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">For equity-settled
plans, the cost of equity-settled transactions is measured at fair value using
the Black-Scholes option pricing model. The compensation expense is measured at
the grant date and recognized over the service period with a corresponding
increase to equity-settled share-based payments reserve in equity. The
cumulative expenses recognized for equity-settled transactions at each
reporting date represents the extent to which the vesting period has expired
and management&#8217;s best estimate of the number of equity instruments that will
ultimately vest. For options with graded vesting, each tranche is considered a
separate grant with a different vesting date and fair value, and each tranche
is accounted for separately. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>





<a name="_bclFooter18"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">18 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_19"></a><a name="_bclPageBorder19"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader19"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">For cash-settled plans, a corresponding liability is recognized. The
fair value of employee services received is calculated by multiplying the
number of units expected to vest with the fair value of one unit as of grant
date based on the market price of the Company&#8217;s common shares. The fair value
of the ESPP is a function of the Company&#8217;s contributions. Until the liability
is settled, the Company re-measures the fair value of the liability at the end
of each reporting period and at the date of settlement, with any changes in
fair value recognized in income for the period. The Company has entered into
equity swap agreements with a major Canadian financial
institution in order to reduce its cash and earnings exposure related to the
fluctuation in the Company&#8217;s share price relating to the DSU and LTI-DSU
programs.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Current and deferred income tax </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Income tax expense
comprises of current and deferred tax. An income tax expense is recognized in
income except to the extent that it relates to items recognized directly in
equity, in which case it is recognized in equity.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Current tax is the
amount expected to be paid or recovered from taxation authorities on the
taxable income/loss for the year, using tax rates enacted or substantively
enacted at the reporting date, and any adjustment to tax payable/receivable in
respect of previous years. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Management
periodically evaluates positions taken in tax returns with respect to
situations in which applicable tax regulation is subject to interpretation. It
establishes provisions, where appropriate, on the basis of amounts expected to
be paid to the tax authorities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Deferred tax is
recognized using the balance sheet liability method, providing for temporary
differences between the tax bases of assets or liabilities and their carrying
amount for financial reporting purposes.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Deferred income
tax is provided on temporary differences arising on investments in subsidiaries,
and jointly controlled entities, except where the timing of the reversal of the
temporary difference is controlled by the Company and it is probable that the
temporary difference will not reverse in the foreseeable future.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Deferred tax is
measured on an undiscounted basis at the tax rates that are expected to be
applied to temporary differences when they reverse, based on the laws that have
been enacted or substantively enacted by the reporting date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Deferred tax
assets are recognized for all deductible temporary differences and carry
forward of unused tax losses. The recognition of deferred tax assets are
limited to the amount which is more likely than not to be realized.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Deferred tax
assets are reviewed at each reporting date and are reduced to the extent that
it is no longer more likely than not that a recognized deferred income tax
asset will be realized. Unrecognized deferred income tax assets are reassessed
at each reporting date and are recognized to the extent that it has become more
likely than not that an unrecognized deferred income tax asset will be
realized.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Deferred tax
assets and liabilities are offset if there is a legally enforceable right to
offset current tax liabilities and assets, and they relate to income taxes
levied by the same tax authority on the same taxable entity, or on different
taxable entities which intend to settle current tax liabilities and assets on a
net basis or their tax assets and liabilities will be realized simultaneously.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Investment tax credits</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Investment tax
credits (ITCs) arising from R&amp;D activities are deducted from the related
costs and are accordingly included in the determination of net income when
there is reasonable assurance that the credits will be realized. ITCs arising
from the acquisition or development of property, plant and equipment and
capitalized development costs are deducted from the cost of those assets with
amortization calculated on the net amount.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Earnings per share</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Earnings per share
is calculated by dividing the net income for the period attributable to the
common shareholders of the Company by the weighted average number of common
shares outstanding during the period. The diluted weighted average number of
common shares outstanding is calculated by taking into account the dilution that
would occur if the securities or other agreements for the issuance of common
shares were exercised or converted into common shares at the later of the
beginning of the period or the issuance date unless it is anti-dilutive. The
treasury stock method is used to determine the dilutive effect of the stock
options. The treasury stock method is a method of recognizing the use of
proceeds that could be obtained upon the exercise of options in computing
diluted earnings per share. It assumes that any proceeds would be used to
purchase common shares at the average market price during the period. The
Company has one category of dilutive potential common shares which is share
options.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Dividend distribution</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In the period in
which the dividends are approved by the Company&#8217;s Board of Directors, the
dividend is recognized as a liability in the Company&#8217;s financial statements. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>





<a name="_bclFooter19"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 19</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_20"></a><a name="_bclPageBorder20"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader20"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Government
assistance</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Government
contributions are recognized where there is reasonable assurance that the
contribution will be received and all attached conditions will be complied with
by the Company.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
benefits from investment tax credits that are deemed to be equivalent to
government contributions.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Contributions are
received for Project New Core Markets from Investissement Qu&#233;bec (IQ) for costs
incurred in R&amp;D programs. Contributions were received in previous fiscal
years for Project Phoenix from Industry Canada under the Technology
Partnerships Canada (TPC) program and from IQ. Repayable government assistance
are recognized as royalty obligations. The current portion is included as part
of the accrued liabilities. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The obligation to
repay royalties is recorded when the contribution is receivable and is
estimated based on future projections. The obligation is discounted using the
prevailing market rates of interest, at that time, for a similar instrument
(similar as to currency, term, type of interest rate, guarantees or other
factors) with a similar credit rating. The difference between government
contributions and the discounted value of royalty obligations is accounted for
as a government contribution which is recognized as a reduction of costs or as
a reduction of capitalized expenditures.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
recognizes the Government of Canada&#8217;s participation in Project Falcon as an interest-bearing
long-term obligation. The initial measurement of the accounting liability
recognized to repay the lender is discounted using the prevailing market rates
of interest, at that time, for a similar instrument (similar as to currency,
term, type of interest rate, guarantees or other factors) with a similar credit
rating. The difference between the face value of the long-term obligation and
the discounted value of the long-term obligation is accounted for as a
government contribution which is recognized as a reduction of costs or as a
reduction of capitalized expenditures.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">&nbsp;</font></i></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Use of judgements, estimates and assumptions</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The preparation of
the consolidated financial statements in conformity with IFRS requires the
Company&#8217;s management (management) to make judgements, estimates and assumptions
that affect the reported amounts of assets and liabilities and the disclosure
of contingent assets and liabilities at the date of the consolidated financial
statements, as well as the reported amounts of revenues and expenses for the
period reported. It also requires management to exercise its judgement in
applying the Company&#8217;s accounting policies. The areas involving a higher degree
of judgement or complexity, or areas where assumption and estimates are significant
to the consolidated financial statements are disclosed below. Actual results
could differ from those estimates. Changes will be reported in the period in
which they are identified.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Business
combinations</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Business
combinations are accounted for in accordance with the acquisition method; thus,
on the date that control is obtained. The acquiree&#8217;s identifiable assets,
liabilities and contingent liabilities are measured at their fair value.
Depending on the complexity of determining these valuations, the Company either
consults with independent experts or develops the fair value internally by
using appropriate valuation techniques which are generally based on a forecast
of the total expected future net discounted cash flows. These evaluations are
linked closely to the assumptions made by management regarding the future
performance of the related assets and any changes in the discount rate applied.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:9.0pt;line-height:115%;">&nbsp;</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Development costs</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Development costs
are recognized as intangible assets and are amortized over their useful lives when
they meet the criteria for capitalization. Forecasted revenue and profitability
for the relevant projects are used to assess compliance with the capitalization
criteria and to assess the recoverable amount of the assets.</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Impairment of
non-financial assets</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company&#8217;s
impairment test for goodwill is based on fair value less costs to sell
calculations and uses valuation models such as the discounted cash flows model.
The cash flows are derived from the plan approved by management for the next
five years. Cash flow projections take into account past experience and
represent management&#8217;s best estimate about future developments. Cash flows
after the five-year period are extrapolated using estimated growth rates. Key
assumptions which management has based its determination of fair value less
costs to sell include estimated growth rates, post-tax discount rates and tax
rates. The post-tax discount rates were derived from the respective CGUs&#8217;
representative weighted average cost of capital which range from 8% to 12%.
These estimates, including the methodology used, can have a material impact on
the respective values and ultimately the amount of any goodwill impairment. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Likewise, whenever
property, plant and equipment and intangible assets are tested for impairment,
the determination of the assets&#8217; recoverable amount involves the use of
estimates by management and can have a material impact on the respective values
and ultimately the amount of any impairment.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:115%;">&nbsp;</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Provisions</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In determining the
amount of the provisions, assumptions and estimates are made in relation to
discount rates, the expected costs and the expected timing of the costs. </font></p>





<a name="_bclFooter20"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">20 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_21"></a><a name="_bclPageBorder21"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader21"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Revenue recognition</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company uses
the percentage-of-completion method in accounting for its fixed-price contracts
to deliver services and manufacture products.&#160; Use of the
percentage-of-completion method requires the Company to estimate the work
performed to date as a proportion of the total work to be performed. Management
conducts monthly reviews of its estimated costs to complete,
percentage-of-completion estimates and revenues and margins recognized, on a
contract-by-contract basis. The impact of any revisions in cost and earnings
estimates is reflected in the period in which the need for a revision becomes
known.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Defined benefit pension plans</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The cost of
defined benefit pension plans as well as the present value of the pension
obligations is determined using actuarial valuations. The actuarial valuations
involve making assumptions about discount rates, expected rates of return on
assets, future salary increases, mortality rates and future pension increases.
All assumptions are reviewed at each reporting date. Any changes in these
assumptions will impact the carrying amount of pension obligations. In
determining the appropriated discount rate management considers the interest
rates of corporate bonds that are denominated in the currency in which the
benefits will be paid with an AA/AAA rating, and that have terms to maturity
approximating the terms of the related pension liability. The mortality rate is
based on publicly available mortality tables for the specific country. Future
salary increases and pension increases are based on expected future inflation
rates for the specific country.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The expected
return on plan assets is determined by considering the expected returns on the
assets underlying the current investment policy applicable over to the period
over which the obligation is to be settled. &nbsp;For the purpose of
calculating the expected return on plan assets, historical and expected future
returns were considered separately for each class of assets based on the asset
allocation and the investment policy.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Other key
assumptions for pension obligations are based, in part, on current market
conditions. See Note 15 for further details regarding assumptions used.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Share-based
payments</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
measures the cost of cash and equity-settled transactions with employees by
reference to the fair value of the related instruments at the date at which
they are granted. Estimating fair value for share-based payments requires
determining the most appropriate valuation model for a grant, which is
dependent on the terms and conditions of the grant. This also requires making
assumptions and determining the most appropriate inputs to the valuation model
including the expected life of the option, volatility and dividend yield.</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Income taxes</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company is
subject to income tax laws in numerous jurisdictions. Judgement is required in
determining the worldwide provision for income taxes. The determination of tax
liabilities and assets involve certain uncertainties in the interpretation of
complex tax regulations. The Company provides for potential tax liabilities
based on the probability weighted average of the possible outcomes. Differences
between actual results and those estimates could have an effect on the income
tax liabilities and deferred tax liabilities in the period in which such
determinations are made. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Deferred tax
assets are recognized to the extent that it is more likely than not that
taxable profit will be available against the losses that can be utilised.
Significant management judgement is required to determine the amount of
deferred tax assets that can be recognized, based upon the likely timing and
the level of future taxable profits together with future tax planning
strategies. The recorded amount of total deferred tax assets could be altered
if estimates of projected future taxable income and benefits from available tax
strategies are lowered, or if changes in current tax regulations are enacted
that impose restrictions on the timing or extent of the Company&#8217;s ability to
utilise future tax benefits.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:9.0pt;line-height:115%;">Government
assistance repayments</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In determining the
amount of repayable government assistance, assumptions and estimates are made
in relation to discount rates, expected revenues and the expected timing of
revenues, when relevant. Revenue projections take into account past experience
and represent management&#8217;s best estimate about the future. Revenues after a
five-year period are extrapolated using estimated growth rates depending on the
estimated timing of repayments. The estimated repayments are discounted using
average rates ranging from 8.5% to 13.0% based on terms of similar financial
instruments. These estimates along with the methodology used to derive the
estimates can have a material impact on the respective values and ultimately
any repayable obligation in relation to government assistance. A 1% increase to
the growth rates would increase the royalty obligation at March 31, 2012 by
approximately $8.2 million. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>





<a name="_bclFooter21"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 21</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_22"></a><a name="_bclPageBorder22"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader22"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Future changes
in accounting policies</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Financial instruments</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In November 2009,
the IASB released IFRS 9, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial Instruments</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, which is the first part
of a three-part project to replace IAS 39, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial Instruments: Recognition
and Measurement</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. It addresses classification and measurement of
financial assets and liabilities. IFRS 9 replaces the multiple category and
measurement models of IAS 39 for debt instruments with a new mixed measurement
model having two categories: amortized cost and fair value through profit or
loss. Most of the requirements in IAS 39 for classification and measurement of
financial liabilities were carried forward in IFRS 9. However, the portion of
the changes in fair value related to the Company&#8217;s own credit risk must be
presented in OCI rather than in income. IFRS 9 is effective for annual periods
beginning on or after January 1, 2015, with earlier application permitted. The
Company is currently evaluating the impact of the standard on its consolidated
financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In October 2010,
the IASB amended IFRS 7, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial Instruments: Disclosures.</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> IFRS 7 was
amended to require quantitative and qualitative disclosures for transfers of
financial assets where the transferred assets are not derecognized in their
entirety or the transferor retains continuing managerial involvement. If a
substantial portion of the total amount of the transfer activity occurs in the
closing days of a reporting period, the amendment also requires disclosure of
supplementary information. These amendments are effective for annual periods
beginning on or after July 1, 2011, with earlier application permitted. The
Company is currently evaluating the impact of the amendments on its
consolidated financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Consolidation</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In May 2011, the
IASB released IFRS 10, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidated Financial Statements</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, which replaces
SIC-12, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidation &#8211; Special Purpose Entities</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, and parts of IAS 27, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidated
and Separate Financial Statements</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. The new standard builds on existing principles
by identifying the concept of control as the determining factor in whether an
entity should be included in a company&#8217;s consolidated financial statements. The
standard provides additional guidance to assist in the determination of control
where it is difficult to assess. IFRS 10 is effective for annual periods
beginning on or after January 1, 2013, with earlier application permitted. The
Company is currently evaluating the impact of the standard on its consolidated
financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Joint arrangements</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In May 2011, the
IAS released IFRS 11, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Joint Arrangements</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, which supersedes IAS 31, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Interests
in Joint Ventures</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, and SIC-13, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Jointly Controlled Entities &#8211;
Non-monetary Contributions by Venturers</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. IFRS 11 focuses on the rights and
obligations of a joint arrangement, rather than its legal form as is currently
the case under IAS 31. The standard addresses inconsistencies in the reporting
of joint arrangements by requiring the equity method to account for interest in
jointly controlled entities. IFRS 11 is effective for annual periods beginning
on or after January 1, 2013, with early application permitted. The Company
currently uses proportionate consolidation to account for interests in joint
ventures, but must apply the equity method under IFRS 11. Under the equity
method, the Company&#8217;s share of net assets, net income and OCI of joint ventures
will be presented as one-line items on the statement of financial position, the
statement of income and the statement of comprehensive income, respectively. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Disclosure of interests in other entities</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In May 2011, the
IASB released IFRS 12, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Disclosure of Interests in Other Entities</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. IFRS
12 is a new and comprehensive standard on disclosure requirements for all forms
of interests in other entities, including joint arrangements, associates and
unconsolidated structured entities. The standard requires an entity to disclose
information regarding the nature and risks associated with its interests in
other entities and the effects of those interests in its financial position,
financial performance and cash flows. IFRS 12 is effective for annual periods
beginning on or after January 1, 2013, with earlier application permitted. The
Company is currently evaluating the impact of the standard on its consolidated
financial statements.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Fair value measurement</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In May 2011, the
IASB released IFRS 13, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Fair Value Measurement</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. IFRS 13 defines fair
value, sets out in a single IFRS a framework for measuring fair value and
requires disclosures about fair value measurements. IFRS 13 applies when other
IFRSs require or permit fair value measurements. It does not introduce any new
requirements to measure an asset or a liability at fair value, change what is
measured at fair value in IFRSs or address how to present changes in fair
value. The standard is effective for annual periods beginning on or after
January 1, 2013, with earlier application permitted. The Company is currently
evaluating the impact of the standard on its consolidated financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Employee benefits</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In June 2011, the
IASB amended IAS 19, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Employee Benefit</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. IAS 19 is amended to reflect
significant changes to recognition and measurement of defined benefit pension
expense and termination benefits by the elimination of the option to defer the
recognition of actuarial gains and losses (the corridor approach) and expand
the disclosure requirements. These amendments are effective for years beginning
on or after January 1, 2013, with earlier application permitted. The Company is
currently evaluating the impact of these amendments on its consolidated
financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Financial statement presentation</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In June 2011, the
IASB amended IAS 1, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial Statement Presentation, </font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">to change the
disclosure of items presented in OCI, including a requirement to separate items
presented in OCI into two groups based on whether or not they may be recycled
to profit or loss in the future. The amendments are effective for annual
periods beginning on or after July 1, 2012. The Company is currently evaluating
the impact of the amendments on its consolidated financial statements.</font></p>









<a name="_bclFooter22"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">22 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_23"></a><a name="_bclPageBorder23"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader23"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 2 &#8211; FIRST-TIME ADOPTION OF IFRS</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.5pt;line-height:115%;">First-time adoption</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">For all periods up to and including the year ended March
31, 2011, the Company prepared its consolidated financial statements in
accordance with previous Canadian GAAP. For periods beginning on or after April
1, 2011, the Company has transitioned to IFRS. Consequently, for the years
ended March 31, 2012 and March 31, 2011, the Company has prepared its
consolidated financial statements in accordance with IFRS.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">This note explains the principal adjustments made by the
Company in restating its previous Canadian GAAP equity as at April 1, 2010 and
its previously published Canadian GAAP financial statements for the year ended
March 31, 2011.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.5pt;line-height:115%;">Exemptions applied </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">IFRS
1</font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">, First-Time Adoption of International Financial Reporting Standards,</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">
allows first-time adopters certain exemptions from the general requirement to
apply IFRS retrospectively. The Company has applied the following exemptions:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">i)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company has elected to recognize
specific training devices at their estimated fair values and use those fair
values as deemed cost at April 1, 2010;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">ii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company has elected to recognize all
cumulative actuarial gains and losses of defined benefit plans deferred under
previous Canadian GAAP in opening retained earnings at April 1, 2010; </font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">iii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company has deemed the cumulative
foreign currency translation adjustment for foreign operations at April 1, 2010
to be zero, with the adjustment recorded against opening retained earnings;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">iv)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company has elected to apply the
requirement of IAS 23, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Borrowing Costs</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, whereby interest must be
capitalized to qualifying assets beginning only after April 1, 2010;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">v)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company has elected not to apply IFRS 3
(as amended in 2008), </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Business Combinations</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, to business combinations
that occurred before April 1, 2010. Consequently, as at
April&nbsp;1,&nbsp;2010, the carrying amount of goodwill under IFRS is equal to
the carrying amount of goodwill under previous Canadian GAAP.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Reconciliation of equity as reported under previous Canadian
  GAAP to IFRS</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=29% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)<sup> </sup></font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Shareholders' equity as previously reported under previous
  Canadian GAAP<sup> </sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,269.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,155.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">IFRS adjustments decrease:<sup> </sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Government assistance<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (104.4)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (100.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property, plant and equipment<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">B</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (65.0)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (68.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Employee benefits<sup> </sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">C</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (49.7)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (57.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Borrowing costs<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">D</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (26.4)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (23.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Leases<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">E</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (22.9)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (23.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Revenue<sup> </sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">F</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.5)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes and other<sup> </sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">G</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (81.1)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (77.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity attributable to equity holders of the Company under IFRS<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 914.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 800.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=51% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-controlling interests<sup> </sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">H</font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total equity as reported under IFRS<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 932.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 818.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=51% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=77% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Certain tax effects for these adjustments are included in
  income taxes and other.</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter23"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 23</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_24"></a><a name="_bclPageBorder24"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader24"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:15.0pt;">
  <td colspan=16 valign=bottom width=100% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Reconciliation of net income as reported under previous Canadian
  GAAP to IFRS</font></b></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=38% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=22% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Previous</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Year ended March 31, 2011</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=3 valign=bottom width=22% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions, except per share amounts)</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">GAAP</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Adjustment</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">IFRS</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">F</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,629.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,630.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost of sales</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A,
  B, D-F </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,102.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.7)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,082.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Gross profit</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 526.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 548.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Research and development expenses</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 46.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.9)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 44.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Selling, general and administrative expenses</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A,
  C, D, G</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 238.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 239.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other losses (gains) &#8211; net</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (18.3)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (18.2)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Operating profit</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 259.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 282.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance income</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.1)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.4)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance expense</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A,
  D, E</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 34.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 29.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 64.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance expense &#8211; net</font></p>
  </td>
 <td width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.7&nbsp;</font></p>
  </td>
 <td width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 29.3&nbsp;</font></p>
  </td>
 <td width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 60.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Earnings before income taxes</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 228.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.0)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 222.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income tax expense</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">G</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 58.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 61.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net income</font></b></p>
  </td>
 <td width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 169.8&nbsp;</font></p>
  </td>
 <td width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.9)</font></p>
  </td>
 <td width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 160.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Attributable to:</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity holders of the Company </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 169.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.5)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 160.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Earnings per share from continuing operations </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">attributable to equity holders of the Company</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Basic and Diluted</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.66&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.04)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.62&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted average number of</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> shares outstanding (basic)</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 256.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 256.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted average number of</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> shares outstanding (diluted)</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 257.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 257.5&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=14 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Reconciliation of comprehensive income as reported under
  previous Canadian GAAP to IFRS</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td valign=bottom width=3% style="background:white;height:17.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=38% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=22% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Previous</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=7 valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:17.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Year ended March 31, 2011</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=22% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">GAAP</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Adjustment</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">IFRS</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net income</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 169.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.9)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 160.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other comprehensive income (loss):</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign currency translation adjustment</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">B-H</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (24.1)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.4)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net changes in cash flow hedge</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net changes in available-for-sale financial instruments</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit plan actuarial gains adjustment</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">C</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=4 valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other comprehensive income (loss)</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (24.7)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.8)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=4 valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total comprehensive income</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 145.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 146.1&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=4 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total comprehensive income attributable to:</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity holders of the Company</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 145.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 145.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=4 valign=bottom width=51% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total comprehensive income</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 145.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 146.1&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter24"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">24 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_25"></a><a name="_bclPageBorder25"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader25"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=21 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Reconciliation of financial
  position as reported under previous Canadian GAAP to IFRS</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Previous</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Previous</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=25% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=5 valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31, 2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=5 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1, 2010</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">GAAP</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Adjustment</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">IFRS</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">GAAP</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Adjustment</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">IFRS</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Assets</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash and cash equivalents</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 276.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 276.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 312.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 312.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts receivable</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 296.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 296.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 237.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 238.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress : assets</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">F, H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 207.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 230.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 220.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (15.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 205.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Inventories</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">F</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 125.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 124.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 126.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 126.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Prepayments</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">E</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 54.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (11.0)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 43.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 33.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 24.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes recoverable</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A,
  G, H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 52.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 58.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 24.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Future income taxes</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial assets</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total current assets</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,022.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,049.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 963.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 966.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A,
  B, D, E</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,180.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,211.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,147.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 49.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,197.1&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Intangible assets</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A,
  D, H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 178.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 197.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 375.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 125.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 165.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 290.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Goodwill</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 198.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (198.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 161.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (161.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax assets</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">D,
  G, H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 76.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (56.0)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 82.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (58.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 24.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial assets</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.1&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other assets</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">C, H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 201.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (52.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 149.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 141.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (43.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 97.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total assets</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,857.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (40.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,817.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,621.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (30.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,591.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Liabilities and equity</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts payable and </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=28% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">accrued liabilities</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A,C,
  E, H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 527.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 24.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 551.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 467.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 493.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Provisions</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.1&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes payable</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress : liabilities</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">F, H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 173.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (47.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 125.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 199.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (32.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 167.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current portion of long-term debt</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">E</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 55.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 86.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 51.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 68.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Future income taxes</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 31.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (31.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (23.0)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial liabilities</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total current liabilities</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 762.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 47.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 810.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 741.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 35.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 776.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Provisions</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Long-term debt</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">E</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 443.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 130.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 574.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 441.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 159.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 600.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Royalty obligations</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 161.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 161.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 148.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 148.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Employee benefits obligations</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">C, H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 62.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 62.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 81.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 81.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred gains and other </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=28% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">non-current liabilities</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 262.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (75.0)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 187.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 200.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (71.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 129.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax liabilities</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A-C,
  E-H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 119.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (54.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 64.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 82.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (69.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial liabilities</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.1&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total liabilities</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,588.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 295.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,884.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,466.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 306.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,772.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Share capital</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 445.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 440.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 441.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 436.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contributed surplus</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated other comprehensive (loss) income</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (240.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 230.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.8)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (215.4)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 226.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Retained earnings</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A-H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,050.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (583.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 466.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 918.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (580.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 338.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity attributable to equity </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=28% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">holders of the Company</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">A-H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,269.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (355.0)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 914.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,155.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (355.4)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 800.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">H</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total equity</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,269.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (336.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 932.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,155.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (337.4)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 818.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=31% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total liabilities and equity</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,857.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (40.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,817.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,621.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (30.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,591.3&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter25"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 25</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_26"></a><a name="_bclPageBorder26"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader26"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:673.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=19 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Summary reconciliation of statement of cash flows as reported
  under previous Canadian GAAP to IFRS</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:14.25pt;">
  <td valign=bottom width=3% style="background:white;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=29% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=7 valign=bottom width=28% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Previous</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:14.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Year ended March 31, 2011</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">GAAP</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Adjustment</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">IFRS</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash flows provided by (used in) operating activities</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">E, H</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 247.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.7)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 226.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash flows (used in) provided by investing activities</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (237.3)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (230.9)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=35% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash flows (used in) provided by financing activities</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">E, H</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (42.2)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (27.9)</font></b></p>
  </td>
 </tr>
<tr height=0>
  <td width=3%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=29%>&nbsp;</td>
 <td width=7%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=7%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">The following items explain the most significant and
pertinent restatements to the financial statements resulting from the
application of IFRS.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:9.0pt;">A)</font></i></b><b><i><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">IAS 20
and IAS 32 </font></i></b><b><i><font face="Times New Roman" lang=EN-CA style="font-size:11.0pt;">&#8211;&nbsp;</font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">
Accounting for government grants and disclosure of government assistance and
financial instrument: presentation</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Royalty
arrangements with the government</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:5.75pt;width:536.849976pt;">
 <tr>
  <td valign=top width=26% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Previous
  Canadian GAAP accounting policy</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">With
  the exception of the Government of Canada&#8217;s contributions for Project Falcon,
  other government contributions are recorded as a reduction of the related
  R&amp;D program costs or as a reduction in the program&#8217;s capitalized
  expenditures.</font></p>
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">A
  liability to repay the government contribution is recognized when conditions
  arise and the repayment thereof is reflected in the consolidated income
  statement when royalties become due.</font></p>
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Contributions
  for Project Falcon are recognized as an interest-bearing long-term
  obligation. The difference between the face value of the long-term obligation
  and the discounted value of the long-term obligation is accounted for as a
  government contribution and is recognized as a reduction of costs or as a
  reduction of capitalized expenditures.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">IFRS accounting
  policy</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Repayable
  government assistance arrangements are recognized as royalty obligations. The
  obligation to repay royalties is recorded when the contribution is received
  and is estimated based on future projections. Subsequent re-measurement of
  these obligations is recognized in income.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">As a
  result of applying the IFRS policy, a royalty obligation, recorded at a
  discounted value and accreted over time, was recorded on the statement of
  financial position in the amount of $156.6 million (including the current
  portion), with an offsetting decrease in equity of $100.4&nbsp;million, net
  of a deferred tax impact of $36.8 million. As well, an increase in assets of
  $19.4 million was recorded to retroactively affect government assistance that
  were recognized as a reduction of costs and a reduction of capital
  expenditures, respectively, in accordance with previous Canadian GAAP.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on net
  income for the year ended March 31, 2011</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">When
  compared to the amount recognized under previous Canadian GAAP, cost of sales
  was reduced by $7.6 million as royalty expenses from arrangements with the
  government on R&amp;D programs are not recognized under IFRS. Conversely,
  finance expense related to government royalty obligations increased by
  $13.3&nbsp;million.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the cash flows recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">B)</font></i></b><b><i><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp; </font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">IAS 16 </font></i></b><b><i><font face="Times New Roman" lang=EN-CA style="font-size:11.0pt;">&#8211;&nbsp;</font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"> Property, plant and equipment (PP&amp;E)</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">IFRS
1 Exemption &#8211; fair value as deemed cost</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:5.4pt;width:536.399963pt;">
 <tr>
  <td valign=top width=27% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Exemption
  applied</font></p>
  </td>
 <td valign=bottom width=5% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  company elected to use fair value as deemed cost on the date of transition
  for specific items of property, plant and equipment. </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=5% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">PP&amp;E
  decreased by $76.4 million and equity decreased by $61.8&nbsp;million, net of
  a deferred tax impact of $14.6 million. The aggregate of the fair values for
  these specific training devices was $159.0 million at April 1, 2010. </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on net
  income for the year ended March 31, 2011</font></p>
  </td>
 <td valign=bottom width=5% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">When
  compared to the amount recognized under previous Canadian GAAP, cost of sales
  was reduced by $5.5 million, given the lower depreciation of specific
  training devices.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=27% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the cash flows recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">&nbsp;</font></i></b></p>





<a name="_bclFooter26"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">26 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_27"></a><a name="_bclPageBorder27"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader27"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Componentization</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:5.4pt;width:536.849976pt;">
 <tr>
  <td valign=top width=26% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Previous
  Canadian GAAP accounting policy</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  cost of an item of PP&amp;E made up of significant separable component parts
  is allocated to the component parts when practicable and when an estimate can
  be made of the lives of the separate components. </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">IFRS accounting
  policy</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Each
  part of an item of PP&amp;E with a cost that is significant in relation to
  the total cost of the item, and which has a useful life which is different
  than the main asset, must be depreciated separately. </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Certain
  buildings are separated into components. The three components identified
  were: the roof, the heating and cooling system and the rest of the building.
  The impact of componentization resulted in a decrease in PP&amp;E of $2.0
  million on April 1, 2010.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on net
  income for the year ended March 31, 2011</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">When
  compared to the amount recognized under previous Canadian GAAP, cost of sales
  increased by $0.2 million given the reduced depreciation
  periods of certain components of buildings.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the cash flows recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">De-recognition</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:5.4pt;width:536.849976pt;">
 <tr>
  <td valign=top width=26% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Previous
  Canadian GAAP accounting policy</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">PP&amp;E
  are recorded at cost less accumulated depreciation, net of any impairment
  charges. Subsequent costs are capitalized if they constitute an asset
  betterment or are expensed if they constitute a repair or maintenance. </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">IFRS accounting
  policy</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Upon
  replacement of a component, a loss on disposal is recognized to income when
  the carrying value of a replaced item is de-recognized, unless the item is
  transferred to inventories. If it is not practical to determine such carrying
  value, the cost and accumulated depreciation are calculated by reference to
  the cost of the replacement part.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  impact of retroactively considering past de-recognitions resulted in a
  decrease in PP&amp;E of $6.5 million on April 1, 2010.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on net
  income for the year ended March 31, 2011</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">When
  compared to the amount recognized under previous Canadian GAAP, cost of sales
  increased by $1.4 million given the de-recognition of
  specific components on certain devices during the fourth quarter of fiscal
  2011, partially offset by reduced depreciation resulting from the reduction
  in PP&amp;E upon the transition to IFRS.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the cash flows recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">C)</font></i></b><b><i><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp; </font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">IAS 19 </font></i></b><b><i><font face="Times New Roman" lang=EN-CA style="font-size:11.0pt;">&#8211;&nbsp;</font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"> Employee benefits</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">IFRS
1 Exemption and accounting impact on our continuing operations </font><b><i><font face="Times New Roman" lang=EN-CA style="font-size:11.0pt;">&#8211;&nbsp;</font></i></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> actuarial gains and losses</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:5.4pt;width:536.849976pt;">
 <tr>
  <td valign=top width=26% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Previous
  Canadian GAAP accounting policy</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  excess of the net actuarial gain (loss) over 10% of the greater of the
  benefit obligation and the fair value of plan assets is not immediately
  recognized in income, but is amortized over the remaining service period of
  active employees (corridor approach). Unrecognized actuarial gains and losses
  below the corridor are deferred.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">IFRS 1 exemption
  applied and IFRS accounting policy</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  Company elected to recognize all cumulative actuarial gains and losses of
  defined benefit plans deferred under previous Canadian GAAP in opening
  retained earnings.</font></p>
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Subsequently,
  actuarial gains and losses for the Company&#8217;s defined benefit plans are
  recognized in the period in which they occur on the statement of financial
  position and in other comprehensive income.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  effect of recognizing all cumulative actuarial gains and losses on April 1,
  2010 resulted in a decrease in other assets of $29.6&nbsp;million and an
  additional recognition of employee benefit obligations in the amount of $25.7
  million. Equity also decreased by $40.7 million after consideration of a
  deferred tax impact of $14.6 million.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on net
  income for the year ended March 31, 2011</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">When
  compared to the amount recognized under previous Canadian GAAP, general and
  administrative expenses were reduced by $2.2 million given the reduced
  amortization of actuarial gains and losses.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the cash flows recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:115%;">&nbsp;</font></p>





<a name="_bclFooter27"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 27</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_28"></a><a name="_bclPageBorder28"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader28"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Actuarial valuations&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:5.4pt;width:536.849976pt;">
 <tr>
  <td valign=top width=26% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Previous
  Canadian GAAP accounting policy</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">It is
  possible to value pension assets and obligations up to three months prior to
  year-end.</font><font color=black face="Times New Roman" lang=EN-CA style="font-size:11.0pt;line-height:11.0pt;"> &nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">IFRS accounting
  policy</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Pension
  assets and obligations are required to be valued as at the statement of
  financial position date.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  effect of the change in measurement date resulted in an increase in the
  employee benefits obligation of $17.0 million, with an offsetting decrease in
  equity of $12.4 million, net of a deferred tax impact of $4.6 million.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on net
  income for the year ended March 31, 2011</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">When
  compared to the amount recognized under previous Canadian GAAP, general and
  administrative expenses increased by $1.1 million.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the cash flows recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Past
service costs</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:5.4pt;width:536.849976pt;">
 <tr>
  <td valign=top width=26% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Previous
  Canadian GAAP accounting policy</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Past
  service costs are amortized on a straight-line basis over the average
  remaining service period of active employees expected to receive benefits
  under the plan up to the full eligibility date.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">IFRS accounting
  policy</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Past
  service costs are recognized as an expense on a straight-line basis over the
  average period until the benefits become vested. To the extent that the
  benefits are already vested following the introduction of, or changes to, a
  defined benefit plan, past service costs are recognized immediately.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  effect of recognizing benefits that have already vested resulted in an
  increase in the employee benefits obligation of $4.8 million, with an
  offsetting decrease in equity of $3.5&nbsp;million, net of a deferred tax
  impact of $1.3 million.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on net
  income for the year ended March 31, 2011</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the amount recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the cash flows recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">D)</font></i></b><b><i><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp; </font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">IAS 23 </font></i></b><b><i><font face="Times New Roman" lang=EN-CA style="font-size:11.0pt;">&#8211;&nbsp;</font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"> Borrowing costs</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">IFRS
1 Exemption &#8211; borrowing costs</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:5.4pt;width:536.849976pt;">
 <tr>
  <td valign=top width=26% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Exemption
  applied</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  Company elected to apply the requirement of IAS 23</font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">, Borrowing Costs</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">,
  whereby interest must be capitalized to qualifying assets beginning only on
  April 1, 2010.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Unamortized
  capitalized interest prior to April 1, 2010 was eliminated as an adjustment
  to retained earnings and resulted in a decrease in PP&amp;E and intangible
  assets of $23.5 million and $1.7 million respectively, with an offsetting
  decrease in equity of $23.0&nbsp;million, net of a deferred tax impact of
  $2.2 million.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on net
  income for the year ended March 31, 2011</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">When
  compared to the amount recognized under previous Canadian GAAP, cost of sales
  decreased by $0.8 million due to lower amortization resulting from the
  elimination of unamortized capitalized interest. However, finance expense
  increased by $4.3 million given that interest on certain assets did not
  qualify for capitalization. Under previous Canadian GAAP, this interest was
  capitalized to the cost of the related asset.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the cash flows recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:115%;">&nbsp;</font></p>





<a name="_bclFooter28"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">28 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_29"></a><a name="_bclPageBorder29"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader29"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">E)</font></i></b><b><i><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;
</font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">IAS 17 &#8211; Leases</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Classification</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:5.4pt;width:536.849976pt;">
 <tr>
  <td valign=top width=26% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Previous
  Canadian GAAP accounting policy</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Under
  previous Canadian GAAP, a lease is classified as either a capital (finance)
  lease or as an operating lease. Lease classification is dependent on whether
  substantially all of the benefits and risks of ownership of a leased asset
  are transferred to the lessee and the assessment is made at the inception of
  the lease. Quantitative thresholds are given to determine classification of
  the leases. </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">IFRS accounting
  policy</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Lease
  classification under IFRS is also dependent on whether substantially all the
  benefits and risks of ownership of a leased asset are transferred to the
  lessee at the inception of the lease. No quantitative thresholds are offered,
  and additional qualitative indicators are provided.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Material
  lease arrangements, previously classified as operating leases, are recognized
  on the statement of financial position as finance leases. These include
  certain simulators installed in the Company&#8217;s global network of training
  centres and specific buildings. </font></p>
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  impact of reclassifying these leases resulted in an increase in PP&amp;E of
  $150.7 million and a corresponding increase to long-term debt, including the
  current portion in the amount of $176.5&nbsp;million on April 1, 2010. Equity
  decreased by $23.3 million, net of a deferred tax impact of $12.0 million. </font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on net
  income for the year ended March 31, 2011</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">When
  compared to the amount recognized under previous Canadian GAAP, cost of sales
  decreased by $10.5 million, mainly due to the reversal of rent expense, which
  was partially offset by the depreciation incurred on the assets that changed
  lease classification. Conversely, finance expense increased by $11.1 million
  mainly due to interest accretion on the long-term debt.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Under
  previous Canadian GAAP, payments for certain simulators installed in the
  Company&#8217;s global network of training centres and specific buildings
  previously classified as operating leases were classified as cash flows from
  operating activities. Under IFRS, given that these leases are recognized on
  the statement of financial position as finance leases, such payments are
  treated as financing activities. For the year ended March 31, 2011, cash
  flows from operating and financing activities were adjusted by
  $17.5&nbsp;million as the lease obligations were repaid.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:115%;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">F)</font></i></b><b><i><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp; </font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">IAS 18
&#8211; Revenue</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Long-term
service arrangements</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:5.4pt;width:536.849976pt;">
 <tr>
  <td valign=top width=26% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Previous
  Canadian GAAP accounting policy</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Generally,
  revenue from long-term maintenance contracts is recognized into income on a
  straight-line method over the contract period, or in situations when it is
  clear that costs will be incurred on other than a straight-line basis, based
  on historical evidence, revenue is recognized over the contract period in
  proportion to the costs expected to be incurred in performing services under
  the contract (the percentage-of-completion or POC method).</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">IFRS accounting
  policy</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  notion that historical evidence is needed to recognize revenue under the POC method
  of accounting is not necessary. As a result, for service contracts where POC
  accounting more appropriately estimates the outcome of the contract, revenue
  recognition using the straight&#8209;line method is not appropriate.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  effect of retroactively applying the POC method for certain limited
  arrangements had a negative effect on retained earnings of $6.0 million.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on net
  income for the year ended March 31, 2011</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Revenue
  increased by $1.9 million, while cost of sales increased by $0.7 million.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the cash flows recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:115%;">&nbsp;</font></i></b></p>





<a name="_bclFooter29"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 29</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_30"></a><a name="_bclPageBorder30"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader30"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">G)</font></i></b><b><i><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp; </font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Income
taxes and other</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Unrecognized
deferred tax assets</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:5.4pt;width:536.849976pt;">
 <tr>
  <td valign=top width=26% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">IFRS accounting
  policy</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Certain
  transitional adjustments have resulted in the computation of additional
  deferred tax assets but given that IFRS imposes restrictions on the full
  recognition of future taxes by requiring that they be recognized only to the
  extent that their realization is probable, certain future tax assets have not
  been recognized as some benefits are expected to materialize in periods
  subsequent to the period meeting the probability of recovery test required to
  support such assets.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Future
  tax assets were recognized only to the extent that their realization is
  probable.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the cash flows recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">IFRS
3 - Business combinations</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Acquisition
costs</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:5.4pt;width:536.849976pt;">
 <tr>
  <td valign=top width=26% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Previous
  Canadian GAAP accounting policy</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-top:solid #7f7f7f 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Acquisition-related
  costs are costs an acquirer incurs to effect a business combination. Under
  previous Canadian GAAP, direct costs of a business acquisition are
  capitalized as part of the purchase price allocation while indirect costs are
  expensed.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">IFRS accounting
  policy</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">The
  acquirer accounts for all acquisition-related costs as expenses in the
  periods in which the costs are incurred and the services are received, with
  the exception of costs to issue debt or equity securities.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">April 1, 2010
  statement of financial position impact</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">No
  impact given the IFRS 1 election to apply IFRS 3 to business combinations
  that occurred on or after April 1, 2010.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on net
  income for the year ended March 31, 2011</font></p>
  </td>
 <td valign=bottom width=6% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">As a
  result of expensing the acquisition costs, general and administrative
  expenses increased by $2.5&nbsp;million.</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0pt;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Impact on
  statement of cash flows</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=68% style="border-bottom:solid #7f7f7f 1.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">There
  is no significant impact when compared to the cash flows recognized under
  previous Canadian GAAP.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>





<a name="_bclFooter30"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">30 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_31"></a><a name="_bclPageBorder31"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader31"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">H)</font></i></b><b><i><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp; </font></i></b><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Reclassifications&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Below
are some of the significant reclassification differences:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:5.4pt;width:526.049988pt;">
 <tr style="height:7.5pt;">
  <td valign=top width=50% style="border-bottom:solid #7f7f7f 1.0pt;height:7.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:8.1pt;margin-right:0pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">Previous
  Canadian GAAP</font></p>
  </td>
 <td valign=top width=50% style="border-bottom:solid #7f7f7f 1.0pt;height:7.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0pt;margin-top:2.0pt;text-align:justify;text-indent:7.9pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:11.0pt;">IFRS</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Derivative
  financial assets are included in </font><i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Accounts receivable</font></i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;"> and </font><i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Other
  assets</font></i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">, while derivative financial liabilities are included in </font><i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Accounts
  payable and accrued liabilities</font></i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;"> and </font><i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Deferred gains and other long-term
  liabilities.</font></i></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Derivative
  financial assets and derivative financial liabilities are separately
  identified.</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Current
  and long-term portions of future income tax assets and liabilities are
  segregated as the Company presents a classified statement of financial
  position. Classification is based on classification of the asset or liability
  to which the future taxes relate. If a future tax balance is not related to
  an asset or liability recognized for accounting purposes, it is classified
  according to the date on which the balance is expected to be realized. </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Deferred
  tax balances are not classified as current assets or current liabilities. All
  deferred tax balances are classified as long-term assets or liabilities.</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Provisions
  are included in the balance of </font><i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Accounts payable and accrued liabilities </font></i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">and
  </font><i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Deferred gains and other long-term liabilities.</font></i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;"> &nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Provisions
  are separately identified on the statement of financial position.</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Employee
  benefit liabilities are presented in </font><i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Deferred gains and other long-term
  liabilities. </font></i></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Employee
  benefit liabilities are separately identified.</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Income
  taxes payable are presented in </font><i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Accounts payable and accrued liabilities. </font></i></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Income
  taxes payable are separately identified.</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Non-controlling
  interest is included on the statement of financial position in </font><i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Deferred
  gains and other long-term liabilities</font></i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">. Net income is shown net of any
  earnings or losses attributed to non-controlling interests. </font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Goodwill
  is separately identified.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Certain
  accounts receivables and contracts in progress  assets are sold to third
  parties for cash consideration through a financial asset program.</font></p>
  </td>
 <td valign=top width=50% style="height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">The
  non-controlling interests&#8217; share of the net assets of subsidiaries is
  included in equity and their share of the comprehensive income of
  subsidiaries is allocated directly to equity.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Goodwill
  is presented in </font><i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Intangible assets.</font></i><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;"> &nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=arial,sans-serif style="font-size:8.5pt;line-height:normal;">&#59450;</font><font face="times new roman" style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">Certain
  contracts in progress assets sold through the financial asset program are not
  eligible for de-recognition. As a result, the cash consideration received for
  these assets are classified in the current portion of long-term debt.</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td valign=top width=50% style="border-bottom:solid #7f7f7f 1.5pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=calibri,sans-serif style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=top width=50% style="border-bottom:solid #7f7f7f 1.5pt;height:16.5pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">For the year
  ended March 31, 2011, cash flows from operating activities decreased by $32.2
  million and cash flows from financing activities increased by the same
  amount.</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>









<a name="_bclFooter31"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 31</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_32"></a><a name="_bclPageBorder32"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader32"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 3 &#8211; BUSINESS COMBINATIONS</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Fiscal 2012 acquisitions</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">As at March 31, 2012,
the Company entered into business combination transactions for a total cost of
$131.4 million. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">An amount of $0.7 million of
acquisition-related costs was included in general and administrative expenses
in the consolidated income statement for the year ended March 31, 2012</font><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Medical Education Technologies, Inc.</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In August 2011, the Company acquired 100%
of the shares of Medical Education Technologies, Inc. (METI). With this
acquisition, the Company gains global market access, expands CAE&#8217;s product and
services offering and acquired simulation-based technology for healthcare.&#160; </font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The preliminary determination of the fair
value for the above acquisition of the net identifiable assets acquired and
liabilities assumed is included in the following table. The fair value of the
acquired identifiable intangible assets of $39.0 million (including technology and customer relationships) is still provisional
for the period ended March 31, 2012 and will be until the valuations for those
assets are finalized. Preliminary goodwill of $99.1 million arising from the
acquisition of METI is attributable to the advantages gained, which include: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">A platform that immediately propels the Company to an important
position by providing access to the human patient simulator segment, a
significant segment of the overall healthcare simulation market;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">An expanded customer base for CAE Healthcare, enabling the
offering of the existing portfolio of solutions to a much broader market;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">An experienced management team with subject matter expertise and
industry know-how.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value of the acquired accounts
receivable was $9.7 million. Gross contractual amounts receivable amount to
$10.5 million, but $0.8 million of this amount is not expected to be collected.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The revenue and operating profit included
in the consolidated income statement from METI since the acquisition date is
$35.9 million and $0.6&nbsp;million respectively. Had METI been consolidated
from April 1, 2011, the consolidated income statement would have shown
additional revenue and operating profit from METI of $31.0 million and $1.8
million respectively. These pro-forma amounts are estimated based on the
operations of the acquired business prior to the business combination by the
Company, but are adjusted to reflect the Company&#8217;s accounting policies where
significant. The amounts are provided as supplemental information and are not
necessarily indicative of future performance.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:.7pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Haptica Limited</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In July 2011, the Company acquired the
assets and intellectual property of Haptica Limited (Haptica). The acquisition
serves to add to CAE Healthcare&#8217;s surgical solution offering.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value for the above acquisition
of the net identifiable assets acquired and liabilities assumed is included in
the following table as part of Other. The fair value of the acquired
identifiable assets amounted to $0.7 million (including technology and
intellectual property rights) and no goodwill is recognized from this
acquisition.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Flight Simulator-Capital L.P.</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In March 2012, the Company acquired the
outstanding 80.5% of the interests in Flight Simulator-Capital L.P. (Simucap)
that it previously did not own.&#160; With this acquisition, CAE owns 100% of the
units of Simucap. The acquisition provides CAE with control of a financing
vehicle that offers lease financing for CAE&#8217;s civil flight simulators and
access to financing of up to 85% of the equipment value available from Export
Development Canada.&#160; The structure allows CAE to provide more financing
alternatives to customers.</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The preliminary determination of the fair
value for the above acquisition of the net identifiable assets acquired and
liabilities assumed is also included in the following table as part of Other.
No goodwill is recognized from this acquisition.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Other</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Adjustments to the determination of the
net identifiable assets acquired and liabilities assumed for certain fiscal
2011 acquisitions were also completed during the fiscal year and resulted in an
adjustment to goodwill of nil.&#160; Remaining additional consideration outstanding
for previous years&#8217; acquisitions amounts to $9.0 million which is contingent on
certain conditions being satisfied.</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">&nbsp;</font></b></p>





<a name="_bclFooter32"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">32 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_33"></a><a name="_bclPageBorder33"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader33"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Fiscal 2011 acquisitions</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In fiscal 2011, the Company entered into
business combination transactions for a total cost of $76.8 million. An amount
of $2.5 million of acquisition-related costs was included in general and
administrative expenses in the consolidated income statement for the year ended
March 31, 2011</font><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Datamine Corporate Limited</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company acquired Datamine Corporate Limited
(Datamine). Datamine is a supplier of mining optimization software tools and
services. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Academia Aeronautica de Evora S.A. </font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">The Company acquired the remaining
non-controlling interest of Academia Aeronautica de Evora S.A. (AAE).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Century Systems Technologies Inc.</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">The Company acquired
Century Systems Technologies Inc. (Century). Century is a supplier of
geological data management and governance systems to the mining industry.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">RTI International&#8217;s Technology Assisted Learning</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">The Company acquired the
assets of RTI International&#8217;s Technology Assisted Learning (TAL) business unit.
TAL designs, manufactures and delivers maintenance trainers as well as virtual
desktop trainers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CHC Helicopter&#8217;s Helicopter Flight Training Operations</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">The Company acquired the assets of CHC Helicopter&#8217;s
Helicopter Flight Training Operations (CHC Helicopter&#8217;s HFTO) in order to
provide training to helicopter pilots and maintenance engineers as well as
provide general training, pilot provisioning and search and rescue training
support.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:507.750000pt;">
 <tr style="height:12.75pt;">
  <td colspan=10 valign=bottom width=78% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net assets acquired and liabilities assumed arising from the
  acquisitions are as follows:</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=3% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">METI</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)<sup> </sup></font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current assets<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current liabilities<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (19.6)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (19.7)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (21.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property, plant and equipment<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Intangible assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 39.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 39.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 26.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Goodwill<sup> (2)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 99.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 99.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 36.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred income taxes<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.1)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.1)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-current liabilities<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.4)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.7)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (26.1)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.5)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Fair value of the net assets acquired, excluding cash position<sup>
  </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">at acquisition<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 125.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 126.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 70.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash and cash equivalents in subsidiary acquired<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total purchase consideration<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 129.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 131.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 76.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Purchase price payable</font><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.7)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total purchase consideration settled in cash<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 128.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 130.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 76.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Additional consideration related to previous fiscal year's acquisitions</font><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">
  </font></b></sup></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total cash consideration<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 128.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 130.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 77.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Excluding cash on hand<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=17 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(2)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> This goodwill is not deductible for tax purposes.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The net assets of CHC Helicopter&#8217;s HFTO
and AAE are included in the Training &amp; Services/Civil segment. The net
assets of TAL are included in the Simulation Products/Military segment. The net
assets of METI, Haptica, Datamine and Century are included in the New Core
Markets segment. The net assets of Simucap are not included in any of the
segments.&#160; </font></p>









<a name="_bclFooter33"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 33</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_34"></a><a name="_bclPageBorder34"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader34"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 4 &#8211; INVESTMENTS IN JOINT VENTURES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">During fiscal
2012, the Company entered into new joint venture arrangements to form CAE Japan
Flight Training Inc. &#8211; 51%, Asian Aviation Centre of Excellence Sdn. Bhd.
&#8211;&nbsp;50%, CAE Simulation Training Private Limited &#8211; 25% and Philippine
Academy for Aviation Training Inc. &#8211; 50%. See Note 32 for a complete list of
the Company&#8217;s investments in joint ventures.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Except for the
Helicopter Training Media International GmbH joint venture, whose operations
are essentially focused on designing, manufacturing and supplying advanced
helicopter military training product applications, all other joint venture
companies&#8217; operations are focused on providing civil and military aviation
training and related services. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=15 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The following table summarizes the financial information of the
  Company's investments in joint ventures:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=43% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Assets</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=46% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current assets</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 74.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 67.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 54.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=46% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property, plant and equipment and other non-current assets</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 315.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 258.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 235.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=49% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Liabilities</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=46% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current liabilities</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 53.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 49.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 33.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=46% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Long-term debt (including current portion)</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 113.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 123.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 117.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=46% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred gains and other non-current liabilities</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.5&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=65% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=65% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=#ff6600 face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=65% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Earnings information</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=62% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 111.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 90.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=62% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net income</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 28.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=62% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Segmented operating income</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=59% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/C</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=59% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/M</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=59% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/M</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.3&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">There are no
contingent liabilities relating to the Company&#8217;s interests in the joint
ventures and no contingent liabilities from the joint ventures themselves.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company&#8217;s share
of the capital commitments from the joint ventures themselves amount to $84.7
million as at March 31, 2012 <br>
(2011 </font><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">&#8211;&nbsp;</font></i></b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $37.5 million).</font></p>









<a name="_bclFooter34"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">34 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
&nbsp; <A name="page_35"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader35"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT><FONT>&nbsp;</FONT></P></DIV>

<P style="PAGE-BREAK-AFTER: auto; MARGIN: 0in 0in 6pt"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=EN-CA color=#5f5f5f face=Helvetica,sans-serif>NOTE 5 &#8211; ACCOUNTS RECEIVABLE</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=Helvetica,sans-serif>Accounts receivable are carried on the consolidated statement of financial position net of allowance for doubtful accounts. This provision is established based on the Company&#8217;s best estimates regarding the ultimate recovery of balances for which collection is uncertain. Uncertainty of ultimate collection may become apparent from various indicators, such as a deterioration of the credit situation of a given client and delay in collection beyond the contractually agreed upon payment terms. Management regularly reviews accounts receivable, monitors past due balances and assesses the appropriateness of the allowance for doubtful accounts.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 504pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="99%" colSpan=14>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Details of accounts receivable were as follows:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>March 31</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>March 31</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>April 1</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2012&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2011&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2010&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Past due trade receivables not impaired</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1-30 days</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>28.7&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>33.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.2&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31-60 days</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.8&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.7&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>61-90 days</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.9&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.3&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Greater than 90 days</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.3&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>20.6&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>78.7&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>82.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>61.8&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Allowance for doubtful accounts</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(7.6)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.0)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(5.6)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Current trade receivables</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>113.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>114.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>90.6&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accrued receivables</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>45.5&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>41.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>34.5&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Receivables from related parties</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>38.1&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.5&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other receivables</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>40.5&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>42.4&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total accounts receivable</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>308.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>296.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>238.2&nbsp;</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 504.75pt; BORDER-COLLAPSE: collapse; HEIGHT: 217px" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="100%" colSpan=10>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Changes in the allowance for doubtful accounts were as follows:</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; PADDING-TOP: 0in" vAlign=bottom width="53%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>As at March 31</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: #ffffff; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=Calibri,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2012&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=Calibri,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2011&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Allowance for doubtful accounts, beginning of year</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(6.0)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(5.6)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Additions</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(6.2)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(3.2)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Amounts charged off</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>0.9&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unused amounts reversed</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2.1&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exchange differences</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>0.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(0.2)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Allowance for doubtful accounts, end of year</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(7.6)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(6.0)</FONT></P></TD></TR>

<TR height=0>

   <TD width="53%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="21%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="6%">&nbsp;</TD>

   <TD width="1%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="6%">&nbsp;</TD>

   <TD width="1%">&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: auto; MARGIN: 0in 0in 6pt"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=EN-CA color=#5f5f5f face=Helvetica,sans-serif>NOTE 6 &#8211; inventories</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 504pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" lang=EN-CA color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="12%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>March 31</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="12%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>March 31</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="12%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>April 1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2012&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2011&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2010&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Work in progress</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>99.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>83.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>87.6&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Raw materials, supplies and manufactured products</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>53.9&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>41.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>39.2&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>153.1&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>124.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>126.8&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>The amount of inventories recognized as cost of sales was as follows:</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Years ended March 31</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2012&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2011&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Work in progress</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>72.6&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>82.9&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Raw materials, supplies and manufactured products</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>34.3&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.7&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>106.9&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>106.6&nbsp;</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=Helvetica,sans-serif>Write-downs of inventories in the amount of $7.5 million were made during fiscal 2012 (2011 &#8211; $4.6 million).</FONT></P>

<a name="_bclFooter35"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0pt 0pt 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-CA face=Helvetica,sans-serif>CAE Year-End Financial Results 2012 | 35</FONT><FONT>&nbsp;</FONT></P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_36"></a><a name="_bclPageBorder36"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader36"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 7 &#8211; Property, plant and equipment</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Assets</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Buildings</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Machinery</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Aircraft
  and</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">under</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Assets</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">and</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">and</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">aircraft</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">finance</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">under</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Land</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">improvements</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Simulators</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">equipment</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">engines</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">lease</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">construction</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at April 1, 2010</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 173.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 664.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 56.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 162.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 105.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,197.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Additions</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 60.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 111.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Acquisition of subsidiaries</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Acquisition of joint venture</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Disposals</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.8)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Depreciation</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (12.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (37.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (18.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (85.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Transfers and others</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 65.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (66.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Exchange differences</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (12.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at March 31, 2011</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 175.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 701.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 55.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 144.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 99.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,211.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Additions</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 45.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 76.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 165.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Acquisition of subsidiaries</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Acquisition of joint ventures</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 26.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Disposals</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (24.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (24.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Depreciation</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (44.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (15.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (92.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Impairment (Note 21)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Transfers and others</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 43.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (45.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Exchange differences</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at March 31, 2012</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 186.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 748.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 55.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 125.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 135.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,293.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr height=0>
  <td width=3%>&nbsp;</td>
 <td width=20%>&nbsp;</td>
 <td width=2%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Assets</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Buildings</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Machinery</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Aircraft
  and</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">under</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Assets</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">and</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">and</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">aircraft</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">finance</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">under</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Land</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">improvements</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Simulators</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">equipment</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">engines</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">lease</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">construction</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 268.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 809.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 206.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 264.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 105.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,692.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated depreciation</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (95.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (144.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (149.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (101.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (495.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at April 1, 2010</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 173.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 664.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 56.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 162.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 105.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,197.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 280.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 869.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 189.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 258.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 99.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,740.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated depreciation</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (105.4)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (168.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (134.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (113.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (529.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at March 31, 2011</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 175.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 701.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 55.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 144.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 99.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,211.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 305.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 946.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 198.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 246.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 135.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,883.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated depreciation</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (119.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (198.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (142.4)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (120.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (590.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at March 31, 2012</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 186.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 748.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 55.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 125.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 135.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,293.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr height=0>
  <td width=3%>&nbsp;</td>
 <td width=20%>&nbsp;</td>
 <td width=2%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">As at March 31</font><font face=arial,sans-serif lang=EN-US style="font-size:8.5pt;">, 2012</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, the average remaining amortization period for full-flight
simulators is 15 years (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;&nbsp;</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> 15 years and <br>
April 1, 2010 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;
</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">16 years).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">As at March 31</font><font face=arial,sans-serif lang=EN-US style="font-size:8.5pt;">, 2012</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, bank borrowings are collateralized by property, plant and
equipment for the value of $113.7 million <br>
(2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;&nbsp;</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $270.3&nbsp;million).</font></p>





<a name="_bclFooter36"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">36 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_37"></a><a name="_bclPageBorder37"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader37"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=14 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Assets under finance lease, with lease terms between 5 and 21
  years, include simulators, buildings and machinery and equipment, as follows:</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=51% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Simulators</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 211.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 223.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 242.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated depreciation</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (110.5)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (105.0)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (103.0)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 101.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 118.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 139.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Buildings </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 34.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 34.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 21.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated depreciation</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.6)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.3)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 24.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Machinery and equipment</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated depreciation</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total net book value</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 125.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 144.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 162.9&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">As at March 31, 2012,
the net book value of simulators leased out to third parties is $5.4 million
(2011 </font><font face=calibri,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">&#8211;
</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">$5.1
million and <br>
April 1, 2010 </font><font face=calibri,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;"> $2.9 million).</font></p>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 8 &#8211; intangible assets</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Capitalized</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">ERP
  and</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=4 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">development</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Customer</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">other</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">intangible</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Goodwill</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">costs</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">relationships</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">software</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Technology</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">assets</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at April 1, 2010</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 161.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 29.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 29.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 19.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 290.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Additions &#8211; internal development</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 44.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Additions &#8211; acquired separately</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Acquisition of subsidiaries</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 36.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 62.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amortization</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.7)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.0)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.4)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (19.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Transfers and others</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Exchange differences</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.0)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at March 31, 2011</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 195.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 45.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 47.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 45.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 375.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Additions &#8211; internal development</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 42.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 60.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Additions &#8211; acquired separately</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Acquisition of subsidiaries</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 99.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 138.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amortization</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.3)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.4)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (26.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Impairment (Note 21)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.8)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Transfers and others</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.3)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (16.8)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Exchange differences</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at March 31, 2012</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 298.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 72.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 60.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 57.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 533.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td valign=bottom width=3% style="background:white;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=23% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Capitalized</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">ERP
  and</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=4 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">development</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Customer</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">other</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">intangible</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Goodwill</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">costs</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">relationships</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">software</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Technology</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">assets</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 161.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 63.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 35.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 45.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 26.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 34.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 367.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated depreciation</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (34.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.7)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.2)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.7)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (76.8)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at April 1, 2010</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 161.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 29.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 29.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 19.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 290.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 195.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 78.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 58.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 78.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 35.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 35.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 481.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated depreciation</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (33.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (33.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.2)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (17.9)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (105.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at March 31, 2011</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 195.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 45.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 47.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 45.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 375.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 298.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 106.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 79.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 95.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 41.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 653.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated depreciation</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (34.4)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (19.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (38.4)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (13.3)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.9)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (120.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=26% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net book value at March 31, 2012</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 298.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 72.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 60.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 57.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 533.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.5pt;">
  <td valign=bottom width=3% style="background:white;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=23% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


<a name="_bclFooter37"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 37</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_38"></a><a name="_bclPageBorder38"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader38"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">For the year ended March 31, 2012, amortization of $19.7 million
(2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;&nbsp;</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $15.5 million) has been recorded in cost of sales, <br>
$5.4 million (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;&nbsp;</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $3.6 million) in research
and development expenses, $0.9 million (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;&nbsp;</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $0.6 million) in selling, general and administrative expenses and
nil (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;&nbsp;</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> nil) was capitalized.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">As at March 31, 2012,
the average remaining amortization period for the capitalized development costs
is 6 years (2011 &#8211; 5&nbsp;years and April 1, 2010 &#8211; 5 years).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company has no
indefinite life intangible assets other than goodwill.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The carrying amount of goodwill allocated to the Company's CGUs
  per operating segment is as follows:</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=61% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=61% style="background:white;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/C</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 31.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/M</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 103.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 102.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 95.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/M</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 37.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 36.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 36.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">NCM</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 125.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total goodwill</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 298.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 195.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 161.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=bottom width=61% style="background:white;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:3.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE
9 &#8211; Other assets</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=61% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=64% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=64% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Restricted cash</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=64% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Prepaid rent to portfolio investments</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 85.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 81.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 45.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=64% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Investment in portfolio investments</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=64% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Advances to related parties</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 26.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 26.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 21.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=64% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred financing costs, net of accumulated amortization of
  $20.6</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=61% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(2011 &#8211; $19.8 and April 1, 2010 &#8211; $18.8)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=64% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Long-term receivables</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 42.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=64% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other, net of accumulated amortization of $10.6 (2011 &#8211; $9.7 and
  April 1, 2010 &#8211; $8.7)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=61% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 177.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 149.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 97.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td valign=bottom width=3% style="background:white;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=61% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.5pt;">Finance lease receivables </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The present value of future minimum lease payment receivables,
  included in long-term receivables is as follows:</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=61% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Gross investment in finance lease contracts</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less: unearned finance income</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Present value of future minimum lease payment receivables</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td valign=bottom width=61% style="background:white;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter38"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">38 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_39"></a><a name="_bclPageBorder39"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader39"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Future minimum lease payments from investments in finance lease
  contracts to be received are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Present
  value of</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Present
  value of</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Gross</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">future
  minimum</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Gross</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">future
  minimum</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Investment</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">lease
  payments</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Investment</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">lease
  payments</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">No later than 1 year</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Later than 1 year and no later than 5 years</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Later than 5 years</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.5pt;">
  <td valign=bottom width=47% style="background:white;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 10 &#8211; ACCOUNTs PAYABLE AND ACCRUED LIABILITIES</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts payable trade</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 264.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 253.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 222.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accrued liabilities</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 216.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 207.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 186.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amounts due to related parties</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred revenue</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 88.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 70.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 61.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current portion of royalty obligations</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 597.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 551.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 493.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.5pt;">
  <td valign=bottom width=58% style="background:white;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 11 &#8211; contracts IN PROGRESS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The amounts
recognized in the consolidated statement of financial position correspond, for
each construction contract, to the aggregate amount of costs incurred plus
recognized profits (less recognized losses), less progress billings and amounts
sold.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress: assets </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 245.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 230.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress: liabilities</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (104.6)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (125.8)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress: net assets </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 141.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 104.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">These amounts correspond to:</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=69% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Aggregate amount of costs incurred plus recognized</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=69% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">profits (less recognized losses) to date</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,716.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,062.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less: progress billing</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,569.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,952.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less: amounts sold</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=72% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress: net assets </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 141.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 104.7&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Advances received
from customers on construction contracts related to work not yet commenced
amounts to $0.3 million at <br>
</font><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">March 31,&nbsp;2012</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> (</font><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">2011
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211; $0.1 million). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Construction contracts revenue recognized in fiscal
2012 amounts to $761.1 million (</font><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">2011 </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211; $719.8
million).</font></p>









<a name="_bclFooter39"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 39</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_40"></a><a name="_bclPageBorder40"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader40"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 12 &#8211; provisionS</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.5pt;line-height:115%;">Restoration and
simulator removal </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In certain
situations, simulators are installed at locations that are not owned by the
Company.&nbsp;In some of these cases, the Company has an obligation to dismantle
and remove the simulators from these sites and to restore the location to its
original condition.&nbsp;A provision is recognized for the present value of
estimated costs to be incurred to dismantle and remove the simulators from
these sites and restore the location.&nbsp;The provision also includes amounts
relating to leased land and building where restoration costs are contractually
required at the end of the lease. Where such costs arise as a result of capital
expenditure on the leased asset, the restoration costs are also capitalized. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Restructuring</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:normal;">Restructuring
costs consist mainly of severances and other related costs, including the
associated employee benefits obligation expense. Provisions for restructuring
costs are recognized when the Company has a present legal or constructive
obligation as a result of past events, it is more likely than not that an
outflow of resources will be required to settle the obligation and the amount
can be reliably estimated. Restructuring provisions are measured at the
Company&#8217;s best estimate of the expenditure required to settle the obligation at
the end of the reporting period, and are discounted where the effect is
material.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;">Legal claims</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The amount
represents a provision for certain legal claims brought against the
Company.&nbsp;The corresponding charge is recognized in the consolidated income
statement within selling, general and administrative expenses.&nbsp;In
Management&#8217;s opinion, the outcome of these legal claims will not give rise to
any significant loss beyond the amounts provided at March 31, 2012.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Onerous&nbsp;contracts
</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company is a
party to contracts in which the unavoidable costs of meeting the obligations
under the contracts exceed the economic benefits expected to be received under
it. The unavoidable costs under the contract reflect the lower of the cost to
fulfill the contract or any compensation or penalty arising from the failure to
fulfill the contract.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Warranties</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">A provision is
recognized for expected warranty claims on products sold in the last&nbsp;two
years, based on past experience of the level of repairs and returns.&nbsp;It is
expected that most of these costs will be incurred in the next financial year
and all will have been incurred within two to five years of the consolidated
statement of financial position date.&nbsp;Assumptions used to calculate the
provision for warranties were based on current sales levels and current
information available about returns based on the warranty period of products
sold.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=39% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Changes in provisions are as follows:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contingent
  </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">liabilities
  arising</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Restoration</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">on
  business</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">and
  simulator</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Legal</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Onerous</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">combinations</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">removal</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Restructuring</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">claims</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">contracts</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Warranties</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(see
  Note 3)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">provisions</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total provisions at April 1, 2010</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 40.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Additions including increases</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">to existing provisions</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amounts used</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (19.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unused amounts reversed</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.7)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.0)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Changes in the  </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">discounted amount</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Exchange differences</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total provisions at March 31, 2011</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 31.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less: current portion</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Long-term portion</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Additions including increases</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">to existing provisions</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amounts used</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unused amounts reversed</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Changes in the  </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">discounted amount</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total provisions at March 31, 2012</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less: current portion</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 21.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Long-term portion</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.0&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>









<a name="_bclFooter40"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">40 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_41"></a><a name="_bclPageBorder41"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader41"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 13 &#8211; DEBT FACILITIES </font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Long-term debt, net of transaction costs is as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)<sup> </sup></font></i></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total recourse debt<sup> </sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 678.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 524.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 471.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total non-recourse debt<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 143.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 136.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 198.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total long-term debt<sup> </sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 821.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 660.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 669.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less:<sup> </sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current portion of long-term debt<sup> </sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 113.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 58.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 40.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current portion of finance leases<sup> </sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 28.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 685.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 574.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 600.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=3% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=14 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Non-recourse debt is a debt in a subsidiary for which recourse
  is limited to the assets, equity, interest and undertaking of such subsidiary
  and not CAE Inc.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=62% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Details of the recourse debt are as follows:</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=62% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(i)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Senior notes (US$33.0
  maturing in June 2012), fixed interest rate of 7.76% payable
  semi-annually in June and December</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 33.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 34.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">37.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(ii)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Senior notes ($15.0 and
  US$45.0 maturing in June 2016 and US$60.0 maturing in             June 2019),
  average blended rate of 7.14% payable semi-annually in June and December</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 119.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 117.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">121.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(iii)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Senior notes (US$100.0
  maturing in August 2021 and US$50.0 maturing in August 2026), average blended
  rate of 4.47% payable semi-annually in August and February.</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 149.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(iv)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Revolving unsecured term
  credit facilities maturing in April 2015 (US$450.0), (as at            March
  31, 2011 &#8211; US$450.0, as at April 1, 2010 &#8211; US$400.0 and &#8364;100.0)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(v)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loans, matured in May
  and June 2011 (outstanding as at March 31, 2011 &#8211; &#8364;1.6 and &#8364;0.3, as at April
  1, 2010 &#8211; &#8364;7.4 and &#8364;1.5 ), implicit interest rate of 4.60% </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(vi)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Grapevine Industrial
  Development Corporation bonds maturing in April 2013 (US$19.0), interest rate
  of 0.60% (2011 &#8211; 0.55%, 2010 &#8211; 1.35%) </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 19.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">19.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(vii)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Miami Dade County Bonds
  maturing in March 2024 (US$11.0), interest rate of 0.19%       (2011 &#8211; 0.34%,
  2010 &#8211; 0.47%)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">11.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(viii)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Obligations under finance
  lease commitments, with various maturities from July 2010 to October 2036,
  interest rates from 3.67% to 10.67% </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 142.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 183.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">211.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(ix)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loan maturing in June
  2014 (outstanding as at March 31, 2012 &#8211; US$13.2 and &#163;5.4, as at March 31,
  2011 &#8211; US$17.5 and &#163;7.3, as at April 1, 2010 &#8211; US$22.1 and &#163;8.7)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 21.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=bottom width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loan maturing in June
  2018 (outstanding as at March 31, 2012 &#8211; US$43.2 and &#163;8.5, as at March 31,
  2011 &#8211; US$43.2 and &#163;8.5, as at April 1, 2010 &#8211; US$43.2 and &#163;8.5)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 54.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 53.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Combined coupon rate of
  post-swap debt of 7.90% (2011 &#8211; 7.89%)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=top width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(x)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">R&amp;D obligation from a government
  agency maturing in July 2029</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 58.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 28.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">9.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(xi)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loan, maturing in
  December 2017 (outstanding as at March 31, 2012 &#8211; &#8364;7.9, as at March 31, 2011
  &#8211; &#8364;9.2, as at April 1, 2010 &#8211; &#8364;9.7), floating interest rate with a floor of
  2.5%</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:27.75pt;">
  <td valign=top width=5% style="background:white;height:27.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(xii)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loans maturing in
  January 2020 and January 2022 (outstanding as at March 31, 2012 &#8211; &#8364;4.9, as at
  March 31, 2011 &#8211; &#8364;6.3, as at April 1, 2010 &#8211; &#8364;6.0), floating interest rate of
  EURIBOR plus a spread</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">8.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.5in;">
  <td valign=top width=5% style="background:white;height:.5in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(xiii)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.5in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Credit facility maturing in
  January 2015 (outstanding as at March 31, 2012 &#8211; $2.1 and        INR 384.2,
  as at March 31, 2011 &#8211; $1.5 and INR 458.4, as at April 1, 2010 &#8211; INR 362.7),
  bearing interest based on floating interest rates in India prevailing at the
  time of each drawdown</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.5in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.5in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.5in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.5in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.5in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.5in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.5in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.5in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.5in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">8.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(xiv)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other debt, with various
  maturities from April 2010 to September 2016, average interest rate of
  approximately 5.61%</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">19.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;border-bottom:solid #595959 1.0pt;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(xv)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:solid #595959 1.0pt;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loan, maturing in
  October 2020 (outstanding as at March 31, 2012 &#8211; US$17.1) bearing interest at
  a fixed rate of 4.14%</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #595959 1.0pt;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #595959 1.0pt;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 valign=bottom width=62% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total recourse debt, net amount</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 678.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 524.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 471.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td valign=bottom width=5% style="background:white;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;letter-spacing:.1pt;">(i)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;letter-spacing:.1pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;letter-spacing:.1pt;">Pursuant
to a private placement, the Company borrowed US$33.0&nbsp;million. These
unsecured senior notes rank equally with term bank financings. The Company has
entered into an interest rate swap agreement converting the fixed interest rate
into the equivalent of a three-month LIBOR borrowing rate plus 3.6%.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;letter-spacing:.1pt;">(ii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;letter-spacing:.1pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;letter-spacing:.1pt;">Represents unsecured
senior notes for $15.0 million and US$105.0 million by way of a private
placement for an average term at inception of 8.5 years.&#160;&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(iii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents unsecured
senior notes for US$150.0 million by way of a private placement for an average
term at inception of <br>
11.7 years. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>





<a name="_bclFooter41"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 41</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_42"></a><a name="_bclPageBorder42"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader42"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(iv)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents a committed three-year revolving
credit facility of US$450.0 million with an option, subject to the lender&#8217;s
consent, to increase to a total amount of up to US$650.0 million. The facility
has covenants requiring a minimum fixed charge coverage and a maximum debt
coverage. The applicable interest rate on this revolving term credit facility
is at the option of the Company, based on the bank&#8217;s prime rate, bankers&#8217;
acceptance rates or LIBOR plus a spread which depends on the credit rating
assigned by Standard &amp; Poor&#8217;s Rating Services. The spread over LIBOR has
been reduced to reflect current market pricing.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(v)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company, in
association with Iberia Lineas de Espa&#241;a, combined their aviation training
operations in Spain. Quarterly capital repayments are made for the term of the
financing. The net book value of the simulators being financed, as at
March&nbsp;31,&nbsp;2012, is approximately $55.1&nbsp;million
(&#8364;41.3&nbsp;million) (as at March 31, 2011 &#8211; $63.8&nbsp;million (&#8364;46.3&nbsp;million),
as at <br>
April 1, 2010 &#8211; $67.7&nbsp;million (&#8364;49.3&nbsp;million)).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(vi)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The rates are set
annually by the remarketing agent based on market conditions. A letter of
credit has been issued to support the bonds for the outstanding amount of the
loans. Combined interest rate is 2.60% (2011 &#8211; 3.05%, 2010 &#8211; 2.35%).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(vii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The rate is a floating
rate and reset weekly. A letter of credit has been issued to support the bonds
for the outstanding amount of the loan. Combined interest rate is 2.19% (2011 &#8211;
2.84%, 2010 &#8211; 1.47%).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(viii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">These finance leases
relate to the leasing of various buildings, simulators, machinery and
equipment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(ix)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents senior
financing for two civil aviation training centres. Tranche A is repaid in
quarterly instalments of principal and interest while Tranche B begins quarterly
amortization in July&nbsp;2014. In fiscal 2011, the Company converted these
term loans from non-recourse to recourse debt for a net amount of $89.5 million
in 2010.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(x)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents an
interest-bearing long-term obligation from the Government of Canada for its
participation in Project Falcon, an R&amp;D program that will continue over
five years, for a maximum amount of $250.0 million. The aggregate amount recognized
at the end of fiscal 2012 was $141.4 million (as at March 31, 2011 &#8211; $85.5
million, as at April 1, 2010 &#8211; $33.8 million) (refer to Note 1). The discounted
value of the debt recognized amounted to $58.3 million as at March 31, 2012 (as
at <br>
March 31, 2011 &#8211; $28.8 million, as at April 1, 2010 &#8211; $9.1 million).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(xi)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents the Company&#8217;s
proportionate share of the debt in Rotorsim S.r.l., totalling $10.6 million
(&#8364;7.9 million) (as at <br>
March 31, 2011 &#8211; $12.7 million (&#8364;9.2 million), as at April 1, 2010 &#8211; $13.3
million (&#8364;9.7 million)). In fiscal 2011, Rotorsim S.r.l. refinanced its debt.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(xii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents a loan
agreement of $6.4 million (&#8364;4.8 million) (as at March 31, 2011 - $8.7 million
(&#8364;6.3 million), as at <br>
April 1, 2010 &#8211; $8.3 million (&#8364;6.0 million)) for the financing of one of the
Company&#8217;s subsidiaries. In fiscal 2011, the Company added a new tranche of
financing.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(xiii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents the financing
facility for certain of the Company&#8217;s operations in India. The financing
facility is comprised of a term loan of up to $9.2 million (INR 470.0 million)
and working capital facilities of up to an aggregate of $2.5 million <br>
(INR 125.0 million). Drawdowns can be made in INR or any other major currencies
acceptable to the lender. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(xiv)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Other debts include an
unsecured facility for the financing of the cost of establishment of an
enterprise resource planning (ERP) system. The facility is repayable with
monthly repayments over a term of seven years beginning at the end of the first
month following each quarterly disbursement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(xv)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents a term loan
agreement of US$19.2 million to finance two simulators deployed in the Middle
East.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=62% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Details of the non-recourse debt are as follows:</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=5% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=2 valign=bottom width=62% style="background:white;border-bottom:solid gray 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid gray 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid gray 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid gray 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid gray 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:27.0pt;">
  <td valign=top width=5% style="background:white;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(i)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loan of &#163;12.7
  collateralized, maturing in October 2016 (outstanding as at March 31, 2012 &#8211;
  &#163;1.9, as at March 31, 2011 &#8211; &#163;2.5, as at April 1, 2010 &#8211; &#163;3.0), interest rate
  of approximately LIBOR plus 0.95% </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">4.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:27.0pt;">
  <td valign=top width=5% style="background:white;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(ii)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loan maturing in
  December 2019 (outstanding as at March 31, 2012 &#8211; &#8364;39.1, as at March 31, 2011
  &#8211; &#8364;41.8, as at April 1, 2010 &#8211; &#8364;43.9), interest rate at EURIBOR rate swapped
  to a fixed rate of 4.80%</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 51.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 56.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">59.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(iii)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loans with various
  maturities to January 2017 (outstanding as at March 31, 2012 &#8211; US$23.8 and
  &#165;29.4, as at March 31, 2011 &#8211; US$17.9 and &#165;21.6, as at April 1, 2010 &#8211;
  US$21.9 and &#165;32.8)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 28.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">27.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:27.0pt;">
  <td valign=top width=5% style="background:white;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(iv)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loan maturing in
  September 2025 collateralized (outstanding as at March 31, 2012 &#8211; US$21.1, as
  at March 31, 2011 &#8211; US$21.1, as at April 1, 2010 &#8211; US$14.3), fixed interest
  rate of 10.35% after effect of USD-Indian Rupees cross currency swap
  agreement</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 19.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:27.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(v)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loan maturing in
  January 2020 (outstanding as at March 31, 2012 &#8211; US$3.1, as at March 31, 2011
  &#8211; US$3.3, as at April 1, 2010 &#8211; US$3.5), floating interest rate</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">3.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(vi)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loan maturing in June
  2014 (outstanding as at March 31, 2012 &#8211; US$13.2 and &#163;5.4, as at March 31,
  2011 &#8211; US$17.5 and &#163;7.3, as at April 1, 2010 &#8211; US$22.1 and &#163;8.7)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">34.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.25in;">
  <td valign=top width=5% style="background:white;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Term loan maturing in June
  2018 (outstanding as at March 31, 2012 &#8211; US$43.2 and &#163;8.5, as at March 31,
  2011 &#8211; US$43.2 and &#163;8.5, as at April 1, 2010 &#8211; US$43.2 and &#163;8.5)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:.25in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">54.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Combined coupon rate of
  post-swap debt of 8.28% as at April 1, 2010</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(vii)</font></p>
  </td>
 <td valign=top width=57% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Agreement for the sale of
  certain accounts receivable and contracts in progress: assets</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 37.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=62% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total non-recourse debt, net amount</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 143.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 136.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 198.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.5pt;">
  <td valign=bottom width=5% style="background:white;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=57% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter42"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">42 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_43"></a><a name="_bclPageBorder43"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader43"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(i)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The credit facility to
finance the Company&#8217;s MSH program for the MoD in the U.K., includes a term loan
that is collateralized by the project assets of the subsidiary and a bi-annual
repayment that is required until 2016. The Company has entered into an interest
rate swap totalling &#163;1.6&nbsp;million as at March 31, 2012 (as at March 31,
2011 &#8211; &#163;2.2&nbsp;million, as at <br>
April 1, 2010 &#8211; &#163;2.7&nbsp;million) fixing the interest rate at 6.31%. The book
value of the assets pledged as collateral for the credit facility as at March&nbsp;31,&nbsp;2012
is &#163;83.0&nbsp;million (as at March 31, 2011 &#8211; &#163;79.6&nbsp;million, as at April
1, 2010 &#8211; &#163;53.3&nbsp;million).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(ii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents the Company&#8217;s
proportionate share of the German NH90 project. The total amount available for
the project under the facility is &#8364;182.7&nbsp;million.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(iii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents the Company&#8217;s
proportionate share of term debt for the acquisition of simulators and
expansion of the building for its joint venture in Zhuhai Xiang Yi Aviation
Technology Company Limited. Borrowings are denominated in U.S. dollars and
Chinese Yuan Renminbi (&#165;). The U.S. dollar-based borrowings bear interest on a
floating rate basis of U.S. LIBOR plus a spread ranging from 0.50% to 4.50% and
have maturities between August</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">2013 and January 2017. The &#165; based borrowings
bear interest at the local rate of interest with final maturities between
December&nbsp;2010 and September 2012.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(iv)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents the Company&#8217;s
proportionate share of the US$42.1 million senior collateralized non-recourse
financing for the HATSOFF Helicopter Training Private Limited joint venture.
The debt begins semi-annual amortization in September 2013. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(v)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents the Company&#8217;s
proportionate share in a term loan to finance the Emirates-CAE Flight Training
LLC, a joint venture.</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face=calibri,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(vi)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents senior financing
for two civil aviation training centres. Tranche A is repaid in quarterly
instalments of principal and interest while Tranche B begins quarterly
amortization in July&nbsp;2014. In fiscal 2011, the Company converted these
term loans from non-recourse to recourse debt for a net amount of $89.5 million
in 2010.</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face=calibri,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.35in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.35in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(vii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Represents an agreement
with financial institutions to sell undivided interests in certain of our
accounts receivable and contracts in progress: assets for an amount up to
$150.0 million without recourse to the Company. The Company continues to act as
a collection agent.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:503.250000pt;">
 <tr style="height:22.5pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;height:22.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Payments required in each
  of the next five fiscal years to meet the retirement provisions of the
  long-term debt and face values of finance leases are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Long-term</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">debt</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">leases</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2013&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">114.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 136.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2014&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">52.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 75.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2015&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">32.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 50.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2016&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">31.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 40.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2017&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">96.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 104.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=52% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Thereafter</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">354.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 64.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 418.9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=52% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">682.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 142.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 825.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=62% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As at March 31, 2012, CAE is in compliance with its financial
  covenants.</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Short-term debt</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company has an
unsecured and uncommitted bank line of credit available in euros totalling
$2.7&nbsp;million (as at <br>
March 31, 2011 &#8211; $2.8&nbsp;million, as at April 1, 2010 &#8211; $2.7 million), of
which nil is used as at March 31, 2012 (as at March 31, 2011 &#8211; $1.3 million, as
at April 1, 2010 &#8211; nil). The line of credit bears interest at a euro base rate.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.5pt;">Finance lease commitments</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The present value of future finance lease commitments, included
  in debt facilities is as follows:</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td valign=bottom width=61% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Future finance lease commitments</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 142.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 183.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 211.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less: Future finance charges on finance leases</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 41.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 51.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 58.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net investment in finance lease contracts</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 101.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 131.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 153.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less: Discounted guaranteed residual values of leased assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Present value of future minimum lease payments</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 95.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 125.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 148.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=61% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter43"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 43</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_44"></a><a name="_bclPageBorder44"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader44"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Future minimum lease payments for finance lease commitments are
  as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=44% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Future</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Present
  value of</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Future</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Present
  value of</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=57% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">finance
  lease</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">future
  minimum</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">finance
  lease</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">future
  minimum</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=44% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">commitments</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">lease
  payments</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">commitments</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">lease
  payments</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">No later than 1 year</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 21.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 26.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Later than 1 year and no later than 5 years</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 56.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 47.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 77.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 66.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=44% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Later than 5 years</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 64.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 78.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=44% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 142.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 95.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 183.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 125.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.5pt;">
  <td valign=bottom width=44% style="background:white;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 14 &#8211; GOVERNMENT ASSISTANCE</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company has signed agreements with
various governments whereby the latter share in the cost, based on expenditures
incurred by the Company, of certain R&amp;D programs for modeling and
simulation, visual systems and advanced flight simulation technology for civil
applications and networked simulation for military applications, as well as for
the new markets of simulation-based training in healthcare and mining.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">During fiscal 2009, the Company announced
that it will invest up to $714 million in Project Falcon, an R&amp;D program
that will continue over five years. The goal of Project Falcon is to expand the
Company&#8217;s modeling and simulation technologies, develop new ones and increase
its capabilities beyond training into other areas of the aerospace and defence
market, such as analysis and operations. Concurrently, the Government of Canada
agreed to participate in Project Falcon through a repayable investment of up to
$250 million made through the Strategic Aerospace and Defence Initiative
(SADI), which supports strategic industrial research and pre-competitive
development projects in the aerospace, defence, space and security industries (see
Notes 1 and 13 for an explanation of the royalty obligation and debt).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">During fiscal 2010, the Company announced
that it will invest up to $274 million in Project New Core Markets, an R&amp;D
program extending over seven years. The aim is to leverage CAE&#8217;s modeling,
simulation and training services expertise into the new markets of healthcare
and mining. The Qu&#233;bec government agreed to participate up to $100 million in
contributions related to costs incurred before the end of fiscal 2016.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The following table provides aggregate information regarding
contributions recognized and amounts not yet received for the projects Falcon
and New Core Markets:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Outstanding contribution receivable, beginning of year</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contributions</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 42.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 42.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Payments received</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (47.4)</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (44.5)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Outstanding contribution receivable, end of year</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.9&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=8 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Aggregate information about programs</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=8 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The aggregate contributions
  recognized for all programs are as follows:</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=73% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=73% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=73% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contributions credited to capitalized expenditures:</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Project Falcon</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Project New Core Markets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=73% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contributions credited to income:</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Project Falcon</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Project New Core Markets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=73% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total contributions:</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Project Falcon</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 28.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Project New Core Markets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=70% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=8 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">There are no unfulfilled
  conditions or unfulfilled contingencies attached to these government
  contributions.</font></p>
  </td>
 </tr>
</table></div>









<a name="_bclFooter44"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">44 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_45"></a><a name="_bclPageBorder45"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader45"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 15 &#8211; employee benefits OBLIGATIONS</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.5pt;line-height:115%;">Defined benefit plans</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company has two registered funded
defined benefit pension plans in Canada (one for employees and one for
designated executives) that provide benefits based on length of service and
final average earnings. The Company also maintains a funded pension plan for
employees in the Netherlands, in Norway and in the United Kingdom that provides
benefits based on similar provisions.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In addition, the Company maintains a
supplemental plan in Canada, two in Germany (CAE Elektronik GmbH plan and CAE
Beyss GmbH plan [Beyss]) and one in Norway to provide defined benefits based on
length of service and final average earnings. These supplemental plans are the
sole obligation of the Company, and there is no requirement to fund them.
However, the Company is obligated to pay the benefits when they become due. As
at March&nbsp;31,&nbsp;2012, the supplemental defined benefits pension
obligations are $57.1 million (2011&nbsp;&#8211;&nbsp;$47.0&nbsp;million) and the Company
has issued letters of credit totalling $53.7&nbsp;million
(2011&nbsp;&#8211;&nbsp;$52.8&nbsp;million) to collateralize these obligations under
the Canadian supplemental plan.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Contributions reflect actuarial
assumptions of future investment returns, salary projections and future service
benefits. Plan assets are represented primarily by Canadian and foreign
equities, government and corporate bonds.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In fiscal 2011, in the acquisition of CHC
Helicopter&#8217;s HFTO, the Company assumed two pension plans resulting in additional
pension obligations of $7.2 million and additional plan assets of $4.8 million.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:512.250000pt;">
 <tr style="height:11.25pt;">
  <td colspan=13 valign=bottom width=98% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The
  employee benefits obligations are as follows:</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Funded defined benefits pension obligations</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 320.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 254.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 234.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Fair value of plan assets</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 263.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 238.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 196.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Funded defined benefits pension obligations &#8211; net</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 57.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 37.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Supplemental defined benefits pension obligations</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 57.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 47.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 43.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unrecognized past service costs</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.7)</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=61% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Employee benefits obligations</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 114.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 62.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 81.1&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> (1)</font></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td valign=bottom width=61% style="background:white;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:5.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=13 valign=bottom width=98% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> $0.3 million is included in Other Assets in the consolidated
  statement of financial position.</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:15.0pt;">
  <td colspan=20 valign=bottom width=100% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The changes in the funded defined pension obligations and the
  fair value of plan assets are as follows:</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Pension obligations, beginning of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 217.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 37.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 254.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 209.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 234.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current service cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Interest cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Employee contributions</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Actuarial loss (gain) </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 48.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 51.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.8)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Pension benefits paid</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.3)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.9)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (11.7)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (12.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Business combination</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Settlements</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Exchange differences</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.9)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.9)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Pension obligations, end of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 279.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 41.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 320.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 217.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 37.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 254.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=36% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Fair value of plan assets, beginning of year</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 206.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 238.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 173.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 196.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Expected return on plan assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Actuarial (loss) gain</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.9)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.2)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Employer contributions</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 21.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Employee contributions</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Pension benefits paid</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.3)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.9)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (11.7)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (12.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Business combination</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Settlements</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Exchange differences</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.8)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.8)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Fair value of plan assets, end of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 228.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 34.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 263.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 206.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 238.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=20 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The actual return on plan assets was $12.4 million in fiscal
  2012 (2011 &#8211; $25.6 million).</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter45"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 45</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_46"></a><a name="_bclPageBorder46"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader46"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=20 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The changes in the
  supplemental arrangements pension obligations are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Pension obligations, beginning of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 38.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 47.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 36.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 43.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current service cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Interest cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Actuarial loss </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Pension benefits paid</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.5)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.1)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.6)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Business combination</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Past service cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Exchange differences</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.3)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Pension obligations, end of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 47.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 57.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 38.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 47.0&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=20 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The net pension cost is as
  follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Funded plans</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current service cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Interest cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Expected return on plan assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.9)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.7)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (16.6)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (12.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.4)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (13.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Past service cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Settlements</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net pension cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Supplemental arrangements</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current service cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Interest cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Past service cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net pension cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total net pension cost</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.9&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">For the year ended
March 31, 2012, pension costs of $5.1 million (2011 </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">&#8211;&nbsp;</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $4.5 million) have been charged in cost of
sales, $1.7 million (2011 </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">&#8211;&nbsp;</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $1.5 million) in research and development expenses,
$3.7 million (2011 </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">&#8211;&nbsp;</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $4.9 million) in selling, general and administrative
expenses and $1.2 million (2011 </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">&#8211;&nbsp;</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $1.0 million) were capitalized.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=25 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The percentage of the major
  categories of assets which constitutes the fair value of plan assets is as
  follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian
  plans</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=4 valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Netherlands
  plan</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  Kingdom plan</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Norway
  plan</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=14% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=14% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity instruments</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">62%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">63%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">24%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">25%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">60%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">53%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">9%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">21%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=14% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Debt instruments</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">36%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">37%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">76%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">75%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">29%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">47%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">73%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">49%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=14% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">11%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=25 valign=bottom width=100% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As at March 31, 2012,
  pension plan assets include the Company's ordinary shares with a fair value
  of $0.3 million (2011 &#8211; $0.9 million and April 1, 2010 &#8211; $0.7 million).</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter46"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">46 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_47"></a><a name="_bclPageBorder47"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader47"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Significant assumptions
  (weighted average):</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian
  </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Pension obligations as at March 31:</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Discount rate</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">4.75%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5.75%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">4.12%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5.13%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Compensation rate increases</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">3.50%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">3.50%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2.98%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2.35%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=52% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net pension cost for years ended March 31:</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Expected return on plan assets</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">7.00%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">7.00%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5.20%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5.57%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Discount rate</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5.75%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5.75%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5.13%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5.12%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=49% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Compensation rate increases</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">3.50%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">3.50%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2.35%</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2.04%</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Amounts for the funded
  plans and supplemental arrangements are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Funded Canadian plans</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit obligations</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 279.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 217.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Plan assets</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 228.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 206.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deficit</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 50.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Experience adjustments (losses) gains on plan liabilities</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Experience adjustments (losses) gains on plan assets</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.9)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Funded foreign plans</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit obligations</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 41.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 37.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Plan assets</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 34.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deficit</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Experience adjustments gains (losses) on plan liabilities</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Experience adjustments gains on plan assets</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian supplemental arrangements</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit obligation</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 47.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 38.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Experience adjustments losses on plan liabilities</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.6)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign supplemental arrangements</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit obligations</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Experience adjustments losses on plan liabilities</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">As at March 31, 2012, the total cumulative
amount of net actuarial losses before income taxes recognized in other
comprehensive income was $56.3 million (2011 </font><font face=calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">
$8.6 million of net actuarial gains). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=16 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Expected contribution for
  the next fiscal year is as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Funded
  plans</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=7 valign=bottom width=24% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Supplemental
  arrangements</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canadian</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Expected contribution &#8211; fiscal 2013 </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">30.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=50%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>









<a name="_bclFooter47"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 47</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
&nbsp; <A name="page_48"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader48"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT><FONT>&nbsp;</FONT></P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=EN-CA color=#5f5f5f face=Helvetica,sans-serif>NOTE 16 &#8211; DEFERRED GAINS AND OTHER non-CURRENT LIABILITIES</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 504pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif><SUP></SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="12%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>March 31</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="12%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>March 31</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="12%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>April 1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></SUP><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(amounts in millions)<SUP> </SUP></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2012&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2011&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2010&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Deferred gains on sale and leasebacks<SUP> (1)</SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>44.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>48.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.6&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Deferred revenue<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>95.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>86.1&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>46.3&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 7.5pt" lang=FR color=black face=helvetica,sans-serif>LTI-RSU/DSU compensation obligations (Note 24)<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" lang=FR color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" lang=FR color=black face=helvetica,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>33.9&nbsp;&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>41.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.9&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>License payable<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.9&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.1&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.0&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><SUP><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Deferred gains and other<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.8&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.5&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif><SUP></SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>186.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>187.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>129.3&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 6pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif><SUP></SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 7pt" color=black face=helvetica,sans-serif>(1)</FONT></SUP><FONT style="FONT-SIZE: 7pt" color=black face=helvetica,sans-serif> The related amortization for the year amounted to $4.8 million (2011 &#8211; $4.8 million).</FONT><SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif> </FONT></SUP></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 6pt"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 10pt" lang=EN-CA color=#5f5f5f face=Helvetica,sans-serif>NOTE 17 &#8211; iNCOME TAXEs</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 504pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="100%" colSpan=11>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9.5pt" color=black face=helvetica,sans-serif>Income tax expense</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="99%" colSpan=10>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>A reconciliation of income taxes at Canadian statutory rates with the reported income taxes is as follows:</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif></FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="52%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%" colSpan=4>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="52%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Years ended March 31</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="52%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(amounts in millions, except for income tax rates)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=Calibri,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2012&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=Calibri,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2011&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Earnings before income taxes</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>239.5&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>222.6&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canadian statutory income tax rates</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27.99%</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>29.51%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Income taxes at Canadian statutory rates</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>67.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>65.7&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Difference between Canadian and Foreign statutory rates</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(9.3)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(9.6)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Losses not tax effected</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.8&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Tax benefit of operating losses not previously recognized</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.0)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.8)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-taxable capital gain</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.5)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.9)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-deductible items</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.6&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.9&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Prior years' tax adjustments and assessments</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.5&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Impact of change in income tax rates on deferred income taxes</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.7)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.1)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-taxable research and development tax credits</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.2)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.2)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other tax benefits not previously recognized</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(5.3)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.9)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.9&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.3&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Income tax expense</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>57.5&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>61.7&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 3pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 3pt; PADDING-TOP: 0in" vAlign=bottom width="52%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>The applicable statutory tax rates are 27.99% in 2012 and 29.51% in 2011. The Company's applicable tax rate is the Canadian combined rates applicable in the jurisdictions in which the Company operates. The decrease is mainly due to the reduction of the Federal income tax rate in 2012 from 17.63% to 16.13%.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 504pt; BORDER-COLLAPSE: collapse; HEIGHT: 268px" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="99%" colSpan=10>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Significant components of the provision for the income tax expense are as follows:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif></FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif></FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Years ended March 31</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=Calibri,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2012&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=Calibri,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2011&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Current income tax expense:</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Current period</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.5&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.6&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Adjustment for prior years</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=Calibri,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.4)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=Calibri,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.1&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Deferred income tax expense (recovery):</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Tax benefit not previously recognized used to reduce the deferred tax expense</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(8.3)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(8.7)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Impact of change in income tax rates on deferred income taxes</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.7)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.2)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Origination and reversal of temporary differences</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>63.9&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Income tax expense</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>57.5&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>61.7&nbsp;</FONT></P></TD></TR>

<TR height=0>

   <TD width="3%">&nbsp;</TD>

   <TD width="50%">&nbsp;</TD>

   <TD width="21%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="6%">&nbsp;</TD>

   <TD width="1%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="6%">&nbsp;</TD>

   <TD width="1%">&nbsp;</TD></TR></TABLE></DIV>

<a name="_bclFooter48"></a><DIV>

<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 8pt" lang=EN-CA face=Helvetica,sans-serif>48 | CAE Year-End Financial Results 2012</FONT></P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_49"></a><a name="_bclPageBorder49"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader49"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;">Income tax
recognized in other comprehensive (loss) income</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">Deferred
income tax recovery recognized in other comprehensive (loss) income amounts to
$21.3 million as at March 31, 2012 <br>
(March 31, 2011 </font><font face=calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211;
</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">deferred
income tax expense of $3.1 million).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=2 width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.5pt;">Deferred tax assets and liabilities</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=19 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Deferred tax assets and liabilities are attributable to the
  following:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Assets</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Liabilities</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-capital loss carryforwards</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 44.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 40.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 44.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 40.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Intangible assets</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (49.4)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (30.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (40.2)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (21.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amounts not currently deductible</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 26.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 26.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred revenues</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Tax benefit carryover</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unclaimed research &amp; development</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">expenditures</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Investment tax credits</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (18.9)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.7)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (18.9)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (95.1)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (75.6)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (81.3)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (64.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unrealized gains (losses) on foreign exchange</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.9)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.4)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.8)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financial instruments</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.6)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.0)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Government assistance</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.1)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.1)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Employee benefit plans</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Percentage-of-completion versus</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">completed contract</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (36.3)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (38.2)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (36.3)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (38.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.7)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.9)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Tax assets (liabilities)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 148.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 131.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (216.0)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (174.9)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (67.7)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (43.8)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (124.2)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (110.4)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 124.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 110.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net deferred income tax assets (liabilities)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 24.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (91.8)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (64.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (67.7)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (43.8)</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=10 valign=bottom width=99% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The analysis of deferred
  tax assets and deferred tax liabilities is as follows:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax assets:</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax asset to be recovered within 12 months</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax asset to be recovered after 12 months</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 144.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 123.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 148.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 131.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax liabilities:</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax liability to be recovered within 12 months</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.7)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax liability to be recovered after 12 months</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (215.3)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (171.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (216.0)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (174.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net deferred income tax liabilities</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (67.7)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (43.8)</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter49"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 49</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_50"></a><a name="_bclPageBorder50"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader50"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:12.0pt;">
  <td colspan=17 valign=bottom width=99% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Movement in temporary differences during fiscal year 2012 is as
  follows:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td valign=bottom width=3% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=32% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=32% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balance</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Recognized</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Recognized</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Acquisition</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balance</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1 2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">in
  income</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">in
  OCI</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">of
  subsidiary</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31 2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-capital loss carryforwards</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 40.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 44.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Intangible assets</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (21.3)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.7)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (13.6)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (40.2)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amounts not currently deductible</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 26.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.0)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred revenues</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.4)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Tax benefit carryover</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unclaimed research &amp; development expenditures</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Investment tax credits</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.7)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.2)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (18.9)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (64.9)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.9)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.0)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (81.3)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unrealized gains (losses) on foreign exchange</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.3)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.8)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financial Instrument</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.9)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.0)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Government assistance</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.2)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.1)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Employee benefit plans</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.8)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Percentage-of-completion versus</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=32% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">completed contract</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (38.2)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (36.3)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.1)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.0)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.9)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net deferred income tax (liabilities) assets</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (43.8)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (36.4)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.1)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (67.7)</font></b></p>
  </td>
 </tr>
<tr height=0>
  <td width=3%>&nbsp;</td>
 <td width=32%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:12.0pt;">
  <td colspan=17 valign=bottom width=99% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Movement in temporary differences during fiscal year 2011 was as
  follows:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td valign=bottom width=3% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=32% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:15.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=32% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balance</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Recognized</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Recognized</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Acquisition</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balance</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1 2010</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">in
  income</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">in
  OCI</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">of
  subsidiaries</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31 2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-capital loss carryforwards</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 40.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Intangible assets</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (16.4)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.7)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (21.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amounts not currently deductible</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 26.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred revenues</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Tax benefit carryover</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unclaimed research &amp; development expenditures</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Investment tax credits</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (13.7)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.1)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (37.5)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (29.4)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (64.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unrealized gains (losses) on foreign exchange</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.9)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.4)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financial Instruments</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.7)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.1)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Government assistance</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.4)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Employee benefit plans</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.3)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.3)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Percentage-of-completion versus</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=32% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">completed contract</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (15.1)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (23.1)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (38.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.5)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.7)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=35% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net deferred income tax assets (liabilities)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (52.0)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.6)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.7)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (43.8)</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=3%>&nbsp;</td>
 <td width=32%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Following
the acquisition of METI, the Company recognized an amount of $2.0&nbsp;million
of deferred tax assets for its pre-acquisition unrecognized losses.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">As at March 31,
2012, taxable temporary differences of $327.5&nbsp;million related to investments
in foreign operations, including subsidiaries and interests in joint ventures
has not been recognized, because the Company controls whether the liability
will be incurred and it is satisfied that it will not be incurred in the
foreseeable future.</font></p>





<a name="_bclFooter50"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">50 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_51"></a><a name="_bclPageBorder51"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader51"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The non-capital losses expire as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=4 valign=bottom width=20% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=24% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Expiry date</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unrecognized</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Recognized</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2013&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2014&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2015&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2016&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2017&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2018&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2019 &#8211; 2031</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 63.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">No expiry date</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 72.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 39.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 144.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.5pt;">
  <td valign=bottom width=51% style="background:white;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">As
at March 31, 2012, the Company has $280.3 million of deductible temporary
differences for which deferred tax assets have not been recognized. These
amounts will reverse up to the next 30 years. The Company also has $1.1 million
of accumulated capital losses carried forward relating to its operation in the
U.S. for which deferred tax assets have not been recognized. These capital
losses will expire in 2013.</font></p>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 18 &#8211; SHARE CAPITAL, Earnings per share and dividends</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.5pt;line-height:normal;">Share capital</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><i><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.0pt;line-height:normal;">Authorized shares</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company is
authorized to issue an unlimited number of common shares without par value and
an unlimited number of preferred shares without par value, issuable in series. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The preferred shares
may be issued with rights and conditions to be determined by the Board of
Directors, prior to their issue. To date, the Company has not issued any
preferred shares.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:auto;"><b><font face=helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><i><font face=helvetica,sans-serif lang=X-NONE style="font-size:9.0pt;line-height:normal;">Issued shares</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">A reconciliation
of the issued and outstanding common shares of the Company is presented in the Consolidated
Statement of Changes in Equity. As at March 31, 2012, the number of shares
issued and that are fully paid amount to 258,266,295 <br>
(2011 </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">&#8211;&nbsp;</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">
256,964,756).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:15.0pt;">
  <td valign=bottom width=58% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.5pt;">Earnings per share computation</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The denominators for the basic and diluted earnings per share
  computations are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td valign=bottom width=58% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted average number of common shares outstanding</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=4 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 257,461,318&nbsp;</font></b></p>
  </td>
 <td colspan=4 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 256,687,378&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Effect of dilutive stock options</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 763,581&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 809,076&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted average number of common shares outstanding for diluted
  earnings per share calculation</font></p>
  </td>
 <td colspan=4 valign=bottom width=13% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 258,224,899&nbsp;</font></b></p>
  </td>
 <td colspan=4 valign=bottom width=13% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 257,496,454&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=58% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:24.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As at March 31, 2012,
  options to acquire 2,671,643 common shares (2011 &#8211; 1,821,675) have been
  excluded from the above calculation since their inclusion would have had an
  anti-dilutive effect.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Dividends</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">The
dividends declared for fiscal 2012 were $41.2 million or $0.16 per share (2011 </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:normal;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;"> $38.5 million or
$0.15 per share). </font></p>









<a name="_bclFooter51"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 51</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_52"></a><a name="_bclPageBorder52"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader52"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 19 &#8211; ACCUMULATED OTHER
COMPREHENSIVE (LOSS) INCOME</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=5 valign=bottom width=19% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net
  changes in</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=5 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign
  currency </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=5 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net
  changes in </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=5 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">available-for-sale</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td colspan=5 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">translation</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=5 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">cash
  flow hedges</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=5 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">financial
  instruments</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balances, beginning of year</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.5)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.8)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other comprehensive income (loss)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.3)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (21.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balances, end of year</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.2)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (20.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.8)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.8)</font></p>
  </td>
 </tr>
<tr style="height:1.5pt;">
  <td valign=bottom width=3% style="background:white;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:1.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr height=0>
  <td width=3%>&nbsp;</td>
 <td width=18%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=4%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 20 &#8211; EMPLOYEE COMPENSATION</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:15.0pt;">
  <td colspan=7 valign=bottom width=99% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The total employee compensation expense recognized in the
  determination of net income is as follows:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=47% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=31% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=31% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Salaries and benefits</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 627.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 573.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Share-based payments, net of equity swap</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Pension costs &#8211; defined benefit plans</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Pension costs &#8211; defined contribution plans</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=47% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total employee compensation expense</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 659.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 611.1&nbsp;</font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 21 &#8211; impairment
of non-financial assets</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;font-style:normal;">Impairment
of property, plant and equipment</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In fiscal 2012, an
impairment loss of $0.5 million representing the write-down of a building to
its recoverable amount was recognized in cost of sales within the Training
&amp; Services/Civil segment. The asset had a carrying amount of $6.1 million.
The recoverable amount was based on the fair value less costs to sell.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=calibri,sans-serif lang=EN-CA style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;font-style:normal;">Impairment
of intangible assets </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In fiscal 2012, an
impairment loss of $1.3 million representing the write-down of a customer
relationship was recognized in cost of sales within the New Core Markets
segment. The asset had a carrying amount of $2.6 million. An impairment test
was triggered during the year as a result of an amendment to a contract upon
the acquisition of METI in August 2011. The recoverable amount was estimated
based on a value in use.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In addition, an
impairment loss of $3.5 million mainly representing the full write-down of
certain deferred development costs and other software, also within the New Core
Markets segment, was recognized in research and development expenses during the
fiscal year. An impairment test was triggered upon the acquisition of METI and
the subsequent realignment of the approach to the healthcare market. </font></p>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 22 &#8211; other (gains) losses </font></b><i><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;font-weight:normal;text-transform:uppercase;">&#8211;&nbsp;</font></i><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;"> net</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=78% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=78% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=78% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Disposal/full retirement of property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.2)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=78% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net foreign exchange differences</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.8)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=78% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Gain on sale of subsidiary</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=78% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Dividend income</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.0)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=78% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Royalty income</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.7)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=78% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cumulative translation adjustment release</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=78% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Remeasurement of previously-held interest in available-for-sale
  investment</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=78% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.1)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=78% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other (gains) losses &#8211; net</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (21.2)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (18.2)</font></p>
  </td>
 </tr>
</table></div>









<a name="_bclFooter52"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">52 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_53"></a><a name="_bclPageBorder53"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader53"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 23 &#8211;
FINANCE EXPENSE - NET</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.0pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance expense:<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Long-term debt (other than finance leases)<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 38.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance leases<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Royalty obligations<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financing cost amortization<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accretion of provisions<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Post interest rate swaps<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.0)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Borrowing costs capitalized<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.2)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance expense<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 69.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 64.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance income:<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Interest income on loans and receivables<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.6)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5.0)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance income<sup> </sup></font></b></p>
  </td>
 <td width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.6)</font></b></p>
  </td>
 <td width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance expense - net<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 62.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 60.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=3% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=11 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> The
  average capitalization rate used during fiscal 2012 to determine the amount
  of borrowing costs eligible for capitalization was 5.2% (2011 &#8211; 6.0%).</font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE
24 &#8211; SHARE-BASED PAYMENTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company&#8217;s five
share-based payment plans consist of two categories of plans: the Employee
Stock Option Plan (ESOP), which qualifies as an equity-settled share-based
payment plan; and the Employee Stock Purchase Plan (ESPP), Deferred Share Unit
(DSU) Plan, Long-Term Incentive Deferred Share Unit (LTI-DSU) Plans and the
Long-Term Incentive Restricted Share Unit (LTI-RSU) Plans, which qualify as
cash-settled share-based payments plans.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The effect before
income taxes of share-based payment arrangements in the consolidated income
statement and in the consolidated statement of financial position are as
follows as at, and for the years ended March 31:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Compensation
  </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=4 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Recognized
  in the consolidated </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=4 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">cost/(recovery)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=23% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">statement
  of financial position</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash-settled share-based compensation:</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">ESPP</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">DSU</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.8)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.2)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">LTI-DSU, net of equity swap</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (21.5)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (22.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">LTI-RSU</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (12.2)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total cash-settled share-based compensation</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (41.9)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (40.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity-settled share-based compensation:</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">ESOP</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (19.2)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (17.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total equity-settled share-based compensation</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (19.2)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (17.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=50% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total share-based compensation</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 21.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (61.1)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (58.0)</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=50%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The
compensation costs listed above include capitalized costs of $1.0 million (2011
</font><font face="Times New Roman" lang=EN-CA style="font-size:10.0pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $0.8 million). </font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The share-based
payment plans are described below. There have been no cancellations to any of
the plans during fiscal 2012 or fiscal 2011.</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Employee Stock Option Plan</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Under the
Company&#8217;s long-term incentive program, options may be granted to its officers
and other key employees of its subsidiaries to purchase common shares of the
Company at a subscription price of 100% of the market value at the date of the
grant. Market value is determined as the weighted average closing price of the
common shares on the Toronto Stock Exchange (TSX) of the five days of trading
prior to the effective date of the grant.</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">As at March&nbsp;31,&nbsp;2012,
a total of 12,787,026 common shares (2011 </font><font face="Times New Roman" lang=EN-CA style="font-size:10.0pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">
13,325,626) remained authorized for issuance under the Employee Stock Option
Plan (ESOP). The options are exercisable during a period not to exceed seven
years (six years for options issued before March 31, 2011), and are not
exercisable during the first 12 months after the date of the grant. The right
to exercise all of the options vests over a period of four years of continuous
employment from the grant date. Upon termination of employment at retirement,
unvested options continue to vest following the retiree&#8217;s retirement date,
subject to the four year vesting period. However, </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">if
there is a change of control of the Company, the options outstanding become
immediately exercisable by option holders. Options are adjusted proportionately
for any stock dividends or stock splits attributed to the common shares of the
Company.</font></p>
<a name="_bclFooter53"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 53</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_54"></a><a name="_bclPageBorder54"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader54"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Outstanding options are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted
  </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted
  </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Number</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">average
  </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Number</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">average
  </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">of
  options</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">exercise
  price</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">of
  options</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">exercise
  price</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Options outstanding, beginning of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6,020,489&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.67&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5,818,386&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.50&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Granted</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,223,434&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.25&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 836,614&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.65&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Exercised</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (538,600)</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.18&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (394,850)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.84&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Forfeited</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (224,280)</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.88&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (224,161)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.29&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Expired</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7,275)</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.18&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (15,500)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.45&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Options outstanding, end of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6,473,768&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.20&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6,020,489&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.67&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=26% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Options exercisable, end of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3,134,974&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.73&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,345,225&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.78&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:676.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=24 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Summarized information about the Company's ESOP as at March 31,
  2012 is as follows:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Range of exercise prices</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=9 valign=bottom width=37% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Options
  Outstanding</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=9 valign=bottom width=34% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Options
  Exercisable</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Number</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">average
  remaining</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">average
  </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Number</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">average
  </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=3 valign=bottom width=16% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Outstanding</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">contractual
  life (years)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=16% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">exercise
  price</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=15% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">exercisable</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=15% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">exercise
  price</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$7.29 to $9.41</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,950,890&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.18&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.53&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,443,350&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.57&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$9.55 to $11.37</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 876,455&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.58&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.73&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 154,304&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.68&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$11.39 to $14.10</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,646,423&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.19&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.35&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,537,320&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.80&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6,473,768&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.37&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.20&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3,134,974&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.73&nbsp;</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=10%>&nbsp;</td>
 <td width=7%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=8%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=8%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=8%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=7%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=7%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The weighted
average market share price for share options exercised in 2012 was $11.70 (2011
</font><font face=arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $11.28).</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">For the year ended
March&nbsp;31,&nbsp;2012, compensation cost for CAE&#8217;s stock options of $3.7
million (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $3.9
million) was recognized in the consolidated income statement with a
corresponding credit to contributed surplus using the fair value method of
accounting for awards that were granted since 2008.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=11 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The assumptions used for the purpose of the option calculations
  outlined in this note are presented below:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=55% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=55% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=68% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted average assumptions used in the Black-Scholes options
  pricing model:</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=55% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted average share price</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.12&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.69&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=55% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Exercise price</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.25&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.65&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=55% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Dividend yield</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1.33%</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1.26%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=55% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Expected volatility</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">34.05%</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">34.92%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=55% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Risk-free interest rate</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2.16%</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2.56%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=55% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Expected option term</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5
  years</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">4
  years</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=55% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Weighted average fair value option granted</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.33&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.84&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=55% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=11 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Expected volatility is estimated by considering historical average
  share price volatility over the option's expected term.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font color=windowtext face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;font-style:normal;">Employee Stock Purchase Plan</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
maintains an Employee Stock Purchase Plan (ESPP) to enable employees of the
Company and its participating subsidiaries to acquire CAE common shares through
regular payroll deductions or a lump-sum payment plus employer contributions. The
Company and its participating subsidiaries match the first $500 employee
contribution and contribute $1 for every $2 of additional employee
contributions, up to a maximum of 3% of the employee&#8217;s base salary. The Company
recorded compensation cost in the amount of $5.4&nbsp;million (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $4.6 million) in
respect of employer contributions under the Plan.</font></p>





<a name="_bclFooter54"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">54 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_55"></a><a name="_bclPageBorder55"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader55"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font color=windowtext face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;font-style:normal;">Deferred Share Unit Plan</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
maintains a Deferred Share Unit (DSU) plan for executives, whereby an executive
may elect to receive any cash incentive compensation in the form of deferred
share units. The plan is intended to promote a greater alignment of interests
between executives and the shareholders of the Company. A DSU is equal in value
to one common share of the Company. The units are issued on the basis of the
average closing board lot sale price per share of CAE common shares on the TSX
during the last 10 days on which such shares traded prior to the date of issue.
The units also accrue dividend equivalents payable in additional units in an
amount equal to dividends paid on CAE common shares. DSUs mature upon
termination of employment, whereupon an executive is entitled to receive a cash
payment equal to the fair market value of the equivalent number of common
shares, net of withholdings.</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company also
maintains a DSU plan for non-employee directors. A non-employee director
holding less than the minimum holdings of common shares of the Company receives
the Board retainer and attendance fees in the form of deferred share units.
Minimum holdings means no less than the number of common shares or deferred
share units equivalent in fair market value to three times the annual retainer
fee payable to a director for service on the Board. A non-employee director
holding no less than the minimum holdings of common shares may elect to
participate in the plan in respect of half or all of his or her retainer and
part or all of his or her attendance fees. The terms of the plan are
essentially identical to the executive DSU Plan except that units are issued on
the basis of the closing board lot sale price per share of CAE common shares on
the TSX during the last day on which the common shares traded prior to the date
of issue.</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
records the cost of the DSU plans as a compensation expense and accrues its
long-term liability in </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Deferred gains and other non-current liabilities</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">
on the consolidated statement of financial position. The recovery recorded in
fiscal 2012 was $0.8&nbsp;million (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;$3.1&nbsp;million
cost).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=11 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">DSUs outstanding are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=56% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=68% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">DSUs outstanding, beginning of year</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 699,866&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 595,431&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Units granted</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 94,441&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 95,782&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Units cancelled</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Units redeemed</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Dividends paid in units</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11,220&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8,653&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">DSUs outstanding, end of year</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 805,527&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 699,866&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">DSUs vested, end of the year</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 805,527&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 699,866&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=56% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=11 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The intrinsic values of the DSUs amount to $8.2 million at March
  31, 2012 (2011 &#8211; $9.0 million). </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font color=windowtext face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;font-style:normal;">Long-Term Incentive (LTI) &#8211; Deferred Share Unit Plans</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
maintains Long-Term Incentive Deferred Share Unit (LTI-DSU) plans for
executives and senior management to promote a greater alignment of interests
between executives and shareholders of the Company. A LTI-DSU is equal in value
to one common share at a specific date. The LTI-DSUs are also entitled to
dividend equivalents payable in additional units in an amount equal to
dividends paid on CAE common shares. Eligible participants are entitled to
receive a cash payment equivalent to the fair market value of the number of
vested LTI-DSUs held upon any termination of employment. Upon termination of
employment at retirement, unvested units continue to vest until
November&nbsp;30 of the year following the retirement date. For participants
subject to section 409A of the United States Internal Revenue Code, vesting of
unvested units takes place at the time of retirement.</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Plan
stipulates that granted units vest equally over five years and that following a
take-over bid, all unvested units vest immediately. The recovery recorded in
fiscal 2012 was $1.7&nbsp;million (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;$11.3&nbsp;million
cost).</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
entered into equity swap agreements to reduce its earnings exposure to the
fluctuations in its share price (Refer to Note 30). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.750000pt;">
 <tr style="height:11.25pt;">
  <td colspan=11 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">LTI-DSUs outstanding under all plans are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=56% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=68% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">LTI-DSUs outstanding, beginning of year</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,333,669&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,832,972&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Units granted</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 241,266&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 381,258&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Units cancelled</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (64,883)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (72,635)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Units redeemed</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (115,927)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (847,073)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Dividends paid in units</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 37,189&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 39,147&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">LTI-DSUs outstanding, end of year</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,431,314&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,333,669&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=59% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">LTI-DSUs vested at end of year</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,000,614&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,818,701&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=56% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=11 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The intrinsic values of the LTI-DSUs amount to $20.5 million at
  March 31, 2012 (2011 &#8211; $23.4 million).</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter55"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 55</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_56"></a><a name="_bclPageBorder56"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader56"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font color=windowtext face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;font-style:normal;">Long-Term Incentive &#8211; Restricted Share Unit Plans</font></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
maintains Long-Term Incentive Performance Based Restricted Shares Unit
(LTI-RSU) plans to enhance the Company&#8217;s ability to attract and retain talented
individuals and also to promote a greater alignment of interest between
eligible participants and the Company&#8217;s shareholders. The LTI-RSUs are
share-based performance plans.</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Fiscal
year 2008 Plan</font></i></b></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">LTI-RSUs granted
pursuant to the plan vest after three years from their grant date as follows:</font></p>

<p style="margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(i)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">100% of
the units, if CAE shares have appreciated by a minimum annual compounded growth
defined as the Bank of Canada 10-year risk-free rate of return on the grant
date plus 350 basis points (3.50%) over the valuation period, or, in the case
of pro&#8209;rated vesting, as of the end of the pro-ration period;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(ii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">50% of
the units if, based on the grant price, the closing average price on the common
CAE shares has met or exceeded the performance of the companies listed on the
Standard &amp; Poor&#8217;s Aerospace and Defence Index (S&amp;P A&amp;D index),
adjusted for dividends, or, in the case of pro-rated vesting, as of the end of
the pro-ration period.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Participants
subject to loss of employment, other than voluntarily or for cause, are
entitled to conditional pro-rata vesting. The cost recorded in fiscal 2012 was
$1.0&nbsp;million (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $2.7&nbsp;million).</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Fiscal
year 2011 Plan</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In
May 2010, the Company amended the fiscal year 2008 Plan for fiscal 2011 and
subsequent years. LTI-RSUs granted pursuant to the revised plan vest over three
years from their grant date as follows:</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(i)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">One-sixth
of the total number of granted units multiplied by a factor vests every year.
The factor is calculated from the one-year Total Shareholder Return (TSR)
relative performance of CAE&#8217;s share price versus that of the S&amp;P A&amp;D
index for the period April&nbsp;1<sup>st</sup> to March 31<sup>st</sup>,
immediately preceding each of the 1<sup>st</sup>, 2<sup>nd</sup>, and 3<sup>rd</sup>
anniversary of the grant date, according to the following rule:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Annual TSR Relative Performance</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Factor</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=75% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1st Quartile (0 &#8211; 25th percentile)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2nd Quartile (26th &#8211; 50th percentile)</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50%
  &#8211; 98%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">3rd Quartile (51st &#8211; 75th percentile)</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=4 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100%
  &#8211; 148%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=59% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">4th Quartile (76th &#8211; 100th percentile)</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">150%</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0pt;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(ii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">One-half
of the total number of granted units multiplied by a factor vests in the final
year. The factor is calculated from the three&#8209;year TSR relative
performance of CAE&#8217;s share price versus that of the companies listed on the
S&amp;P A&amp;D index for the period April 1<sup>st</sup>, immediately
preceding the grant date, to March 31<sup>st</sup>, immediately preceding the 3<sup>rd
</sup>anniversary of the grant date, according to the same rule described in
the table above.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Participants
subject to loss of employment, other than voluntarily or for cause, are
entitled to the units vested. The cost recorded in fiscal 2012 was $1.4 million
(2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> $4.5
million).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">LTI-RSU units outstanding under all plans are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=42% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=4 valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=42% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=4 valign=bottom width=23% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Fiscal
  Year 2011 Plan</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Fiscal
  Year 2008 Plan</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=42% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=42% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">LTI-RSUs outstanding, beginning of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 605,585&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,064,026&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,438,591&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=42% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Units granted</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 480,276&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 628,532&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=42% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Units cancelled</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (65,895)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (22,947)</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (403,293)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (374,565)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=42% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Units redeemed</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (5,811)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=42% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">LTI-RSUs outstanding, end of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,014,155&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 605,585&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 660,733&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,064,026&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=42% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">LTI-RSUs vested, end of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 677,817&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 301,697&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 631,804&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 821,561&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=42% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=13 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The intrinsic values of the LTI-RSUs amount to $12.2 million at
  March 31, 2012 (2011 &#8211; $9.9 million).</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=42%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=8%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=8%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=8%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=7%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>









<a name="_bclFooter56"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">56 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_57"></a><a name="_bclPageBorder57"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader57"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 25 &#8211; SUPPLEMENTARY CASH FLOWS
INFORMATION</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:9.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash (used in) provided by non-cash working capital:</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts receivable</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (11.0)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (56.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress: assets</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.0)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (18.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Inventories</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (24.1)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Prepayments</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes recoverable</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (11.6)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial assets</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 48.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 39.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts payable and accrued liabilities</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 58.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Provisions</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.2)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (11.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes payable</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.6)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress: liabilities</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (22.2)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (63.6)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial liabilities</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (45.2)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (30.9)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Changes in non-cash working capital</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (71.7)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (79.0)</font></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td valign=bottom width=3% style="background:white;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE
26 &#8211; Contingencies</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In the normal course of operations, the
Company is party to a number of lawsuits, claims and contingencies. Although it
is possible that liabilities may be incurred in instances for which no accruals
have been made, the Company does not believe that the ultimate outcome of these
matters will have a material impact on its consolidated financial position.</font></p>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=#595959 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">NOTE 27 &#8211; COMMITMENTS</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Operating lease commitments </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">As at March 31, 2012, an
amount of $26.0&nbsp;million (2011 </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;&nbsp;</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> $37.3&nbsp;million and April 1,
2010 </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;&nbsp;</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> $50.4 million) was designated as commitments to CVS
Leasing Ltd. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.750000pt;">
 <tr style="height:12.75pt;">
  <td colspan=8 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The future aggregate
  minimum lease payments under non-cancellable operating leases are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=71% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">No later than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 29.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Later than 1 year and no later than 5 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 79.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 65.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Later than 5 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=71% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 142.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 119.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=71% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Rental expenses recorded in the consolidated income statement
  amount to $46.8 million (2011 &#8211; $46.9 million).</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=14 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.5pt;">Contractual purchase obligations</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=14 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Significant contractual
  purchase obligations are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/C</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/M</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2013&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2014&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2015&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 34.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 38.5&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter57"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 57</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_58"></a><a name="_bclPageBorder58"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader58"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=8 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face=helvetica,sans-serif style="font-size:9.5pt;">Operating Lease Commitments
  as a Lessor</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Future minimum lease payments receivable under non cancellable
  operating leases are as follows:</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=71% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">No later than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Later than 1 year and no later than 5 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Later than 5 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=71% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.1&nbsp;</font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 28 &#8211; capital risk management</font></b></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:3.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company&#8217;s objectives when managing
capital are threefold:</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(i)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Optimize the use of debt for managing the cost of capital of the
Company;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(ii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Keep the debt level at an amount where the Company&#8217;s financial
strength and credit quality is maintained in order to withstand economic
cycles;</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(iii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Provide the Company&#8217;s shareholders with an appropriate rate of
return on their investment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company manages its debt to equity.
The Company manages its capital structure and makes corresponding adjustments
based on changes in economic conditions and the risk characteristics of the
underlying assets. In order to maintain or adjust the capital structure, the
Company may adjust the amount of dividends paid to shareholders, return capital
to shareholders, issue new shares, or use cash to reduce debt.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:115%;">In view of this, the Company monitors its
capital on the basis of the net debt to capital ratio. This ratio is calculated
as net debt divided by the sum of the net debt and total equity. Net debt is
calculated as total debt, including the short-term portion (as presented in the
consolidated statement of financial position and including non-recourse debt)
less cash and cash equivalents. Total equity comprises of share capital,
contributed surplus, accumulated other comprehensive (loss) income, retained
earnings and non-controlling interests. </font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=8 valign=bottom width=87% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The level of debt versus equity in the capital structure is
  monitored, and the ratios are as follows:</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=arial,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=58% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=61% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total debt</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 821.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 660.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 669.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less: cash and cash equivalents</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 287.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 276.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 312.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=61% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net debt</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 534.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 383.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 356.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=61% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,042.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 932.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 818.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=61% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net debt: equity</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">34:66</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">29:71</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">30:70</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company has
certain debt agreements which require the maintenance of a certain level of
capital. As at March 31, 2012, the Company is compliant with its financial
covenants.</font></p>









<a name="_bclFooter58"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">58 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_59"></a><a name="_bclPageBorder59"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader59"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 29 &#8211; Financial Instruments</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Fair value of
financial instruments</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value of
a financial instrument is determined by reference to the available market
information at the reporting date. When no active market exists for a financial
instrument, the Company determines the fair value of that instrument based on
valuation methodologies as discussed below. In determining assumptions required
under a valuation model, the Company primarily uses external, readily
observable market data inputs. Assumptions or inputs that are not based on
observable market data incorporate the Company&#8217;s best estimates of market
participant assumptions, and are used when external data is not available.
Counterparty credit risk and the fair values of the Company&#8217;s own credit risk
are taken into account in estimating the fair value of all financial assets and
financial liabilities, including derivatives.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The following assumptions and valuation methodologies
have been used to estimate the fair value of financial instruments:</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(i)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value of cash and cash equivalents,
restricted cash, accounts receivable, contracts in progress, accounts payable
and accrued liabilities approximate their carrying values due to their
short-term maturities;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(ii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value of finance lease obligations
are estimated using the discounted cash flow method;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(iii)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value of long-term debt, long-term
obligations and non-current receivables (including advances) are estimated
based on discounted cash flows using current interest rates for instruments
with similar terms and remaining maturities;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(iv)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value of derivative instruments
(including forward contracts, swap agreements and embedded derivatives with economic
characteristics and risks that are not clearly and closely related to those of
the host contract) are determined using valuation techniques and are calculated
as the present value of the estimated future cash flows using an appropriate
interest rate yield curve and foreign exchange rate, adjusted for the Company&#8217;s
and the counterparty credit risk. Assumptions are based on market conditions
prevailing at each reporting date. Derivative instruments reflect the estimated
amounts that the Company would receive or pay to settle the contracts at the
reporting date;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">(v)</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value of
available-for-sale investments, if any, which do not have readily available
market value is estimated using a discounted cash flow model, which includes
some assumptions that are not supportable by observable market prices or rates.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=16 valign=bottom width=76% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The carrying values and fair values of financial instruments, by
  class, are as follows at March 31, 2012:</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)<sup> </sup></font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Carrying
  Value</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Fair
  Value</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">At</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Available-</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Loans
  &amp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">FVTPL</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">for-Sale</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Receivables</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">DDHR</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(1)</font></b></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financial assets<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash and cash equivalents<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 287.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 287.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 287.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts receivable<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 295.6&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(2)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 295.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 295.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress: assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 245.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 245.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 245.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.8&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(3)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(4)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 59.8&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(5)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 70.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 72.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 300.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 601.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 917.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 918.2&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=18% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Carrying
  Value</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Fair
  Value</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">At</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financial
  </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">FVTPL</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Liabilities</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">DDHR</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(1)</font></b></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financial liabilities<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=34% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts payable, accrued liabilities and provisions</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 444.9&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(6)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 444.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 444.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total long-term debt<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 825.6&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(7)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 825.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 916.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other long-term liabilities<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 170.5&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(8)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 170.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 170.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial liabilities<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,441.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,466.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,557.1&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=29% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=22 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> DDHR: Derivatives designated in a hedge relationship.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=22 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(2)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Includes trade receivables, accrued receivables and certain
  other receivables.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=22 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(3)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Represents restricted cash.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=22 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(4)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Represents the Company's portfolio investments.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=22 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(5)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Includes long-term receivables and advances.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=22 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(6)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Includes trade accounts payable, accrued liabilities, interest
  payable and certain payroll-related liabilities.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=22 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(7)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Excludes transaction costs.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=22 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(8)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Includes long-term royalty obligations, long-term provisions
  and other long-term liabilities.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter59"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 59</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_60"></a><a name="_bclPageBorder60"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader60"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:15.0pt;">
  <td colspan=19 valign=bottom width=88% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The carrying values and fair values of financial instruments, by
  class, were as follows at March 31, 2011:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=29% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)<sup> </sup></font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=5 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Carrying
  Value</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Fair
  Value</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">At</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Available-</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Loans
  &amp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">FVTPL</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">for-Sale</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Receivables</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">DDHR</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(1)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financial assets</font></b><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash and cash equivalents<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 276.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 276.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 276.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts receivable<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 283.7&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(2)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 283.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 283.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress: assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 230.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 230.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 230.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.6&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(3)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(4)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 44.2&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(5)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 56.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 59.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 295.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 558.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 877.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 880.2&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=5 valign=bottom width=18% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Carrying
  Value</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Fair
  Value</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">At</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financial</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">FVTPL</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Liabilities</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">DDHR</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(1)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financial liabilities</font></b><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=34% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts payable, accrued liabilities and provisions</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 506.0&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(6)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 506.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 506.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total long-term debt<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 662.8&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(7)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 662.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 726.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other long-term liabilities<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 170.1&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(8)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 170.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 170.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial liabilities<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 19.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=29% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,338.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 19.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,364.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,427.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=29% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=23 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> DDHR: Derivatives designated in a hedge relationship.</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=23 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(2)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Includes trade receivables, accrued receivables and certain
  other receivables.</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=23 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(3)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Represents restricted cash.</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=23 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(4)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Represents the Company's portfolio investments.</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=23 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(5)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Includes long-term receivables and advances.</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=23 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(6)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Includes trade accounts payable, accrued liabilities, interest
  payable and certain payroll-related liabilities.</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=23 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(7)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Excludes transaction costs.</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=23 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(8)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Includes long-term royalty obligations, long-term provisions
  and other long-term liabilities.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company did
not elect to voluntarily designate any financial instruments at FVTPL;
moreover, there have not been any changes to the classification of the
financial instruments since inception.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">As part of its financing
transactions, the Company, through its subsidiaries, has pledged certain
financial assets including cash and cash equivalents, accounts receivable,
other assets and derivative assets. As at </font><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">March 31, 2012</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, the aggregate carrying value of these pledged
financial assets amounted to $70.5 million (</font><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">2011&nbsp;</font><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> </font></b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211; $74.6 million).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Fair value hierarchy</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">The following table
presents the financial instruments, by class, which are recognized
at fair value. The fair value hierarchy reflects the significance of the inputs
used in making the measurements and has the following levels:</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Level 1: &#160; Quoted prices
(unadjusted) in active markets for identical assets or liabilities;</font></p>

<p style="margin-bottom:10.0pt;margin-left:34.2pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-34.2pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Level
2: &#160; Inputs other than quoted prices included within Level 1 that are
observable for the asset or liability, either directly (i.e., as prices) or
indirectly (i.e., derived from prices);</font></p>

<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Level 3: &#160; Inputs for
the asset or liability that are not based on observable market data
(unobservable inputs).</font></p>





<a name="_bclFooter60"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">60 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_61"></a><a name="_bclPageBorder61"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader61"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Each
type of fair value is categorized based on the lowest level input that is
significant to the fair value measurement in its entirety.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:503.250000pt;">
 <tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)<sup> </sup></font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Level
  2</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Level
  3</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Level
  2</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Level
  3</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financial assets<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">At FVTPL<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Forward foreign currency contracts<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Embedded foreign currency derivatives<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity swap agreements<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivatives used for hedging<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Forward foreign currency contracts<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.0&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign currency swap agreements<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.8&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Interest rate swap agreements<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 30.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Financial liabilities<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">At FVTPL<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Forward foreign currency contracts<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Embedded foreign currency derivatives<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.3&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity swap agreements<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivatives used for hedging<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Forward foreign currency contracts<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.8&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Foreign currency swap agreements<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Interest rate swap agreements<sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.6&nbsp;</font></b></p>
  </td>
 <td valign=top width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 21.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=3% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=20 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Does not include derivatives designated in a hedging
  relationship, which are presented separately.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Changes in Level 3 financial instruments are as follows:</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=71% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balance, beginning of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.0)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total realized and unrealized gains (losses):</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=71% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Included in income</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.8)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.2)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=71% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Included in other comprehensive income</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=74% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Balance, end of year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.7)</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.0)</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Level 3 input
sensitivity analysis</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">For the most significant item valued using techniques
without observable inputs (INR/USD cross currency swap), the determination of
the interest rate and liquidity premium has the most significant impact on the
valuation. The impact of assuming an increase or decrease of 1% in this input
would result in an increase of fair value of $0.6 million (2011 &#8211; $0.8 million) or a decrease of fair
value of $0.6&nbsp;million (</font><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;">2011&nbsp;</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-weight:normal;"> &#8211; $0.7 million) respectively.</font></p>









<a name="_bclFooter61"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 61</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_62"></a><a name="_bclPageBorder62"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader62"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 30 &#8211; FINANCIAL RISK MANAGEMENT</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Due to</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> the nature of the activities that the Company carries
out and as a result of holding financial instruments, the Company is exposed to
credit risk, liquidity risk and market risk, including foreign currency risk and
interest rate risk. The Company&#8217;s exposure to credit risk, liquidity risk and
market risk is managed within risk management parameters approved by the board
of directors. These risk management parameters remain unchanged since the
previous period, unless otherwise indicated.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Derivative
instruments are utilized by the Company to manage market risk against the
volatility in foreign exchange rates, interest rates and share-based payments
in order to minimize their impact on the Company&#8217;s results and financial
position. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Embedded
derivatives are recorded at fair value separately from the host contract when
their economic characteristics and risks are not clearly and closely related to
those of the host contract. The Company may enter into freestanding derivative
instruments which are not eligible for hedge accounting, to offset the foreign
exchange exposure of embedded foreign currency derivatives. In such
circumstances, both derivatives are carried at fair value at each statement of
financial position date with the change in fair value recorded in consolidated
net income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company&#8217;s
policy is not to utilize any derivative financial instruments for trading or
speculative purposes. The Company may choose to designate derivative
instruments, either freestanding or embedded, as hedging items. This process
consists of matching derivative hedging instruments to specific assets and
liabilities or to specific firm commitments or forecasted </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;letter-spacing:-.2pt;">transactions. To some extent, the Company uses
non-derivative financial liabilities to hedge foreign currency exchange rate
risk exposures</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Credit
risk</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Credit risk is
defined as the Company&#8217;s exposure to a financial loss if a debtor fails to meet
its obligations in accordance with the terms and conditions of its arrangements
with the Company. The Company is exposed to credit risk on its accounts
receivable and certain other assets through its normal commercial activities.
The Company is also exposed to credit risk through its normal treasury
activities on its cash and cash equivalents and derivative financial assets.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Credit risks
arising from the Company&#8217;s normal commercial activities are managed in regards
to customer credit risk. An allowance for doubtful accounts is established when
there is a reasonable expectation that the Company will not be able to collect
all amounts due according to the original terms of the receivables (See Note
5). When a trade receivable is uncollectible, it is written-off against the
allowance account for trade receivables. Subsequent recoveries of amounts
previously written-off are recognized in income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company&#8217;s
customers are primarily established companies with publicly available credit
ratings and government agencies, which facilitates risk monitoring. In
addition, the Company typically receives substantial non-refundable advance
payments for construction contracts. The Company closely monitors its exposure
to major airlines in order to mitigate its risk to the extent possible.
Furthermore, the Company&#8217;s trade accounts receivable are not concentrated with
specific customers but are held from a wide range of commercial and government
organizations. As well, the Company&#8217;s credit exposure is further reduced by the
sale of certain of its accounts receivable and contracts in progress assets to third-party
financial institutions for cash consideration on a non-recourse basis (current
financial assets program). The Company does not hold any collateral as
security. The credit risk on cash and cash equivalents is mitigated by the fact
that they are in place with a diverse group of major Japanese, North American
and European financial institutions.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company is
exposed to credit risk in the event of non-performance by counterparties to its
derivative financial instruments. The Company uses several measures to minimize
this exposure. First, the Company enters into contracts with counterparties
that are of high credit quality (mainly A-rated or better). The Company signed </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">International
Swaps &amp; Derivatives Association, Inc. (ISDA)</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> Master Agreements with the
majority of counterparties with whom it trades derivative financial
instruments. These agreements make it possible to apply full netting when a
contracting party defaults on the agreement, for each of the transactions
covered by the agreement and in force at the time of default. Also, collateral
or other security to support derivative financial instruments subject to credit
risk can be requested by the Company or its counterparties (or both parties, if
need be) when the net balance of gains and losses on each transaction exceeds a
threshold defined in the ISDA Master Agreement. Finally, the Company monitors
the credit standing of counterparties on a regular basis to help minimize
credit risk exposure. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The carrying
amounts presented in Note 5 and Note 29 represent the maximum exposure to
credit risk for each respective financial asset as at the relevant dates. </font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Liquidity
risk</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Liquidity risk is
defined as the potential that the Company cannot meet its cash obligations as
they become due.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company
manages this risk by establishing cash forecasts, as well as long-term
operating and strategic plans. The management of consolidated liquidity
requires a regular monitoring of expected cash inflows and outflows which is
achieved through a forecast of the Company&#8217;s consolidated liquidity position,
for adequacy and efficient use of cash resources. Liquidity adequacy is
assessed in view of seasonal needs, growth requirements and capital
expenditures, and the maturity profile of indebtedness, including off-balance sheet
obligations. The Company manages its liquidity risk to maintain sufficient
liquid financial resources to fund its operations and meet its commitments and
obligations. In managing its liquidity risk, the Company has access to a
revolving unsecured credit facility of US$450.0&nbsp;million, with an option,
subject to the lender&#8217;s consent, to increase to a total amount of up to
US$650.0 million. As well, the Company has agreements to sell certain of its
accounts receivable and contracts in progress assets for an amount of up to
$150.0&nbsp;million (current financial assets program). As at </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">March 31, 2012</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, $81.5&nbsp;million (2011 &#8211;&nbsp;$54.4&nbsp;million) and $54.2 million
(2011 &#8211; $37.4 million) of specific accounts receivable and contracts in
progress assets respectively were sold to financial institutions pursuant to
these agreements. Proceeds were net of $2.4&nbsp;million in fees (2011 &#8211;
$1.0&nbsp;million). The Company also regularly monitors any </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">financing
opportunities to optimize its capital structure and maintain appropriate
financial flexibility.</font></p>
<a name="_bclFooter62"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">62 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_63"></a><a name="_bclPageBorder63"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader63"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>


<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The following
tables present a maturity analysis to the contractual maturity date, of the
Company&#8217;s financial liabilities based on expected cash flows. Cash flows from
derivatives presented either as derivative assets or liabilities have been included,
as the Company manages its derivative contracts on a gross basis. The amounts
are the contractual undiscounted cash flows. All amounts contractually
denominated in foreign currency, excluding equity swaps, are presented in
Canadian dollar equivalent amounts using the period-end spot rate except as
otherwise stated:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31, 2012<sup> </sup></font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Carrying</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contractual</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">0-12</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13-24</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">25-36</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">37-48</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">49-60</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)<sup> </sup></font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash
  Flows</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Months</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Months</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Months</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Months</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Months</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Thereafter</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=6 valign=bottom width=24% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-derivative financial</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=4 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">liabilities<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts payable, accrued<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">liabilities and provisions<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 444.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 444.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 444.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total long-term debt<sup> (2) (6)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 825.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,230.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 180.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 115.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 89.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 76.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 135.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 633.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other long-term liabilities<sup> (3)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 170.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 377.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 308.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,441.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,052.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 639.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 131.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 100.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 91.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 148.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 941.6&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial <sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">instruments<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Forward foreign <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">currency contracts<sup> (4)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (4.2)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Outflow<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 744.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 593.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 95.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 23.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Inflow<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (748.4)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (598.3)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (96.6)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (22.9)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.4)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (13.3)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.9)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Swap derivatives on total<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">long-term debt<sup> (5)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Outflow<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 67.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Inflow<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (56.4)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.8)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.4)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.8)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.4)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.1)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (14.9)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.5)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,445.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,059.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 636.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 133.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 103.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 93.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 149.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 942.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=2% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">
  Includes trade accounts payable, accrued liabilities, interest payable and
  certain payroll-related liabilities.</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(2)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">
  Contractual cash flows include contractual interest and principal payments
  related to debt obligations.</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(3)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">
  Includes long-term royalty obligations, long-term provisions and other
  long-term liabilities.</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(4)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">
  Includes forward foreign currency contracts, but excludes all embedded
  derivatives, either presented as derivative liabilities or derivative
  assets.  </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td colspan=28 valign=bottom width=98% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">Outflows and inflows are
  presented in CAD equivalent using the contractual forward foreign currency
  rate.</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(5)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">
  Includes interest rate swap and foreign currency swap contracts either
  designated as cash flow hedges or as fair value hedges of long-term debt  </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td colspan=28 valign=bottom width=98% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">either presented as
  derivative liabilities or derivative assets.</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(6)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">
  Excludes transaction costs.</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter63"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 63</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_64"></a><a name="_bclPageBorder64"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader64"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31, 2011<sup> </sup></font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Carrying</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-right:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contractual</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">0-12</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13-24</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">25-36</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">37-48</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">49-60</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)<sup> </sup></font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amount</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-right:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash
  Flows</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Months</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Months</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Months</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Months</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Months</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Thereafter</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=6 valign=bottom width=24% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-derivative financial</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=4 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">liabilities<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts payable, accrued <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">liabilities and provisions<sup> (1)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 506.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 506.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 506.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total long-term debt<sup> (2) (6)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 662.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 947.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 146.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 118.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 102.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 71.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 61.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 448.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other long-term liabilities<sup> (3)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 170.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 385.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 18.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 317.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,338.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,839.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 662.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 131.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 117.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 81.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 80.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 765.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial <sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=4 valign=bottom width=19% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">instruments<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Forward foreign <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">currency contracts<sup> (4)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (13.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Outflow<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 632.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 447.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 122.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 35.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Inflow<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (645.4)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (461.0)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (123.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (36.0)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (12.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (9.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.0)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Swap derivatives on total<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">long-term debt<sup> (5)</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Outflow<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 81.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Inflow<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (69.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.1)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (7.9)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.8)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.2)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (25.5)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.3)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (10.0)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,330.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,837.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 652.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 132.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 119.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 83.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 81.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 767.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=2% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">
  Includes trade accounts payable, accrued liabilities, interest payable and
  certain payroll-related liabilities.</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(2)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">
  Contractual cash flows include contractual interest and principal payments
  related to debt obligations.</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(3)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">
  Includes long-term royalty obligations, long-term provision and other
  long-term liabilities.</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(4)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">
  Includes forward foreign currency contracts, but excludes all embedded
  derivatives, either presented as derivative liabilities or derivative assets.
  </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td colspan=28 valign=bottom width=98% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">Outflows and inflows are presented in CAD equivalent using the
  contractual forward foreign currency rate.</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(5)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Includes
  interest rate swap and foreign currency swap contracts either designated as
  cash flow hedges or as fair value hedges of long-term debt</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=2% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> </font></p>
  </td>
 <td colspan=28 valign=bottom width=98% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">either presented as derivative liabilities or derivative assets.</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td colspan=29 valign=bottom width=100% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(6)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">
  Excludes transaction costs.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=windowtext face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;font-style:normal;">Market
risk</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Market
risk is defined as the Company&#8217;s exposure to a gain or a loss in the value of
its financial instruments as a result of changes in market prices, whether
those changes are caused by factors specific to the individual financial
instruments or its issuer, or factors affecting all similar financial
instruments traded in the market. The Company is mainly exposed to foreign
currency risk and interest rate risk.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font color=windowtext face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Foreign
currency risk </font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">Foreign currency risk is defined as the Company&#8217;s
exposure to a gain or a loss in the value of its financial instruments as a
result of fluctuations in foreign exchange rates. The Company is exposed to
foreign currency rate variability primarily in relation to certain sale
commitments, expected purchase transactions and debt denominated in a foreign
currency. As well, most of its foreign operations&#8217; functional currencies are
other than the Canadian dollar (in particular the U.S. dollar [USD], euro [&#8364;]
and British pounds [GBP or &#163;]). The Company&#8217;s related exposure to the foreign
currency rates is primarily through cash and cash equivalents and other working
capital elements of these foreign operations.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">The Company also mitigates foreign currency risks by
having its foreign operations transact in their functional currency for material
procurement, sale contracts and financing activities.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">The Company uses forward foreign currency contracts
and foreign currency swap agreements to manage the Company&#8217;s exposure from
transactions in foreign currencies and to synthetically modify the currency of
exposure of certain financial position items. These transactions include
forecasted transactions and firm commitments denominated in foreign currencies.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">As at </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">March 31, 2012</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">, the
Company has forward foreign currency contracts totalling $735.4&nbsp;million
(buy contracts for $113.3&nbsp;million and sell contracts for $622.1&nbsp;million)
(2011 </font><b><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&#8211;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;"> $621.4
million, buy contracts for $133.0 million and sell contracts for $488.4
million), mainly to reduce the risk of variability of future cash flows
resulting from forecasted transactions and firm sales commitments. </font></p>





<a name="_bclFooter64"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">64 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_65"></a><a name="_bclPageBorder65"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader65"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=16 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The consolidated forward foreign currency contracts outstanding
  are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions, except average rate)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:11.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notional</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Average</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notional</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Average</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Currencies (sold/bought)</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(1)</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Rate</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amount</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=top width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;">(1)</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Rate</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">USD/CDN</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 421.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.98&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 233.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.98&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Between 1 and 3 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 70.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.98&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 74.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.95&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Between 3 and 5 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.99&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.94&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CDN/EUR</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.34&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 32.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.37&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Between 1 and 3 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.37&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">EUR/CDN</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 40.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.74&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 73.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.73&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Between 1 and 3 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.73&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 19.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.72&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Between 3 and 5 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.72&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.74&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Over 5 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.73&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.73&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">EUR/USD</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.73&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">EUR/AUD</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.74&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">GBP/CDN</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 28.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.62&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 48.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.59&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Between 1 and 3 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.63&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.61&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Between 3 and 5 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.62&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Over 5 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.61&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">AUD/CDN</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.02&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CDN/USD</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 70.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.03&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 33.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.02&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Between 1 and 3 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.13&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 49.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.06&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Between 3 and 5 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.08&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.13&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Over 5 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.08&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SAR/CDN</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.84&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">NOK/USD</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.77&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.70&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">USD/EUR</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Less than 1 year</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.37&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SGD/CDN</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Between 1 and 3 years</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.27&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 735.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 621.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Effect of master netting agreement</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 173.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 112.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=51% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Outstanding amount</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 908.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 733.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=3% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=48% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=8 valign=bottom width=76% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:7.0pt;"> Exchange rates as at the end of the respective fiscal years
  were used to translate amounts in foreign currencies.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">The Company has entered into foreign currency swap
agreements related to its senior collateralized financing, obtained in June 2007,
to convert a portion of the USD-denominated debt into GBP to finance its civil
aviation training centre in the United Kingdom. The Company designated two USD
to GBP foreign currency swap agreements as cash flow hedges with outstanding
notional amounts of $2.5 million (&#163;1.5 million) (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">
$3.2&nbsp;million [&#163;2.1&nbsp;million]) and $13.6 million (&#163;8.5 million) (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">
$13.2&nbsp;million [&#163;8.5&nbsp;million]), amortized in accordance with the
repayment schedule of the debt until June&nbsp;2014 and June&nbsp;2018
respectively.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">Also, in a previous fiscal year, the Company entered
into a cross currency swap agreement in connection with a senior secured <br>
non-recourse financing obtained to finance a military aviation training centre
in India. This cross currency swap converts a USD&#8209;denominated floating
rate debt into an Indian rupee (INR)-denominated fixed rate debt. This swap is
designated as a cash flow hedge with notional amounts of US$21.1 million (INR 1,092.5
million) [2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">
US$21.1 million (INR 1,092.5 million)] corresponding to the underlying loan
until March 2020.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">The Company&#8217;s foreign currency hedging programs are
typically unaffected by changes in market conditions, as related derivative
financial instruments are generally held-to-maturity, consistent with the
objective to fix currency rates on the hedged item.</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.1pt;line-height:9.5pt;">&nbsp;</font></p>





<a name="_bclFooter65"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 65</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_66"></a><a name="_bclPageBorder66"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader66"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.1pt;line-height:9.5pt;">In fiscal </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">2012</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.1pt;line-height:9.5pt;">, net unrealized losses on the measurement of
derivatives, before income taxes, of $8.7 million (2011 </font><b><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&#8211;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.1pt;line-height:9.5pt;"> $9.1 million gains) were recognized directly in equity. Net
gains/losses were reclassified from equity to be included into income or to the
related non-financial asset or liabilities as follows: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.0pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i><sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amount reclassified from OCI to income:<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Revenue<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost of sales<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.7)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Finance expense &#8211; net<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.1)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (6.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total amount reclassified from OCI to income<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amount reclassified from OCI to the related non-financial asset
  or liability<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contracts in progress: assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.6)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property, plant and equipment<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=74% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total amount reclassified from OCI to the related non-financial
  asset or liability</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.7)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total amount reclassified from OCI<sup> </sup></font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td valign=bottom width=3% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><sup><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> <sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.1pt;">During fiscal </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">2012</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.1pt;">,
hedge accounting was discontinued for certain forward foreign currency
contracts when it became probable that the original forecasted transactions
would not occur by the end of the originally specified period. As a result, a
loss of $0.2 million <br>
(2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;letter-spacing:-.1pt;"> </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.1pt;">nil) was recorded in income.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Also,
a net gain of $0.4&nbsp;million
(2011&nbsp;</font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;">&#8211;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;net
loss of $0.2&nbsp;million) representing the ineffective portion of the change
in fair value of the cash flow hedges and the component of the hedging item&#8217;s
gain or loss excluded from the assessment of effectiveness, was recognized in
income.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The
estimated net amount before tax of existing gains reported in accumulated other
comprehensive income that is expected to be recognized during the next 12
months is $5.5 million. Future fluctuation in market rate (foreign exchange
rate and/or interest rate) will impact the amount expected to be recognized.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Foreign
currency risk sensitivity analysis </font></i></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">The
following table presents the Company&#8217;s exposure to foreign exchange risk of
financial instruments and the pre-tax effects on net income and OCI as a result
of a reasonably possible strengthening of 5% in the relevant foreign currency
against the Canadian dollar as at March&nbsp;31. This analysis assumes all
other variables remain constant.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:10.5pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=5 valign=bottom width=22% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">USD</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=21% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">&#8364;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=5 valign=bottom width=22% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">GBP</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td valign=bottom width=3% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-right:solid #5a5a5a 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:10.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">OCI</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;border-right:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">OCI</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">OCI</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.2)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (35.5)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-right:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.0)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.0)</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (1.9)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=30% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.2)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (16.9)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;border-right:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.2)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (3.7)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.5)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (2.4)</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=3%>&nbsp;</td>
 <td width=27%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=6%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=5%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">A possible weakening of 5% in the relevant foreign
currency against the Canadian dollar would have an opposite impact on pre-tax
income and OCI.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Interest
rate risks</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">Interest rate risk is defined as the Company&#8217;s
exposure to a gain or a loss to the value of its financial instruments as a
result of fluctuations in interest rates. The Company bears some interest rate
fluctuation risk on its floating rate long-term debt and some fair value risk
on its fixed interest long-term debt. The Company mainly manages interest rate
risk by fixing project-specific floating rate debt in order to reduce cash flow
variability. The Company also has a floating rate debt through an unhedged bank
borrowing, a specific fair value hedge and other asset-specific floating rate
debt. A mix of fixed and floating interest rate debt is sought to reduce the
net impact of fluctuating interest rates. Derivative financial instruments used
to synthetically convert interest rate exposures are mainly interest rate swap
agreements. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">As at </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">March 31, 2012</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">, the Company has
entered into nine interest rate swap agreements with eight different financial
institutions to mitigate these risks for a total notional value of $146.0
million (2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;"> $160.0
million). After considering these swap agreements, as at </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">March 31, 2012</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">, 77%
(2011 </font><font face=arial,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;"> 74%)
of the long-term debt bears fixed interest rates.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>





<a name="_bclFooter66"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">66 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
&nbsp; <A name="page_67"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader67"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT><FONT>&nbsp;</FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>The Company&#8217;s interest rate hedging programs are typically unaffected by changes in market conditions, as related derivative financial instruments are generally held-to-maturity to establish asset and liability management matching, consistent with the objective to reduce risks arising from interest rate movements. As a result, the changes in variable interest rates do not have a significant impact on net income and OCI.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><I><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=helvetica,sans-serif>Interest rate risk sensitivity analysis</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>In 2012 and 2011, a 1% increase/decrease in interest rates would not have a significant impact on the Company&#8217;s net income and OCI.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-CA face=helvetica,sans-serif>Share-based payments cost</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>The Company has entered into equity swap agreements with a major Canadian financial institution to reduce its cash and income exposure to fluctuations in its share price relating to the DSU and LTI-DSU programs. Pursuant to the agreement, the Company receives the economic benefit of dividends and share price appreciation while providing payments to the financial institution for the institution&#8217;s cost of funds and any share price depreciation. The net effect of the equity swaps partly offset movements in the Company&#8217;s share price impacting the cost of the DSU and LTI-DSU programs and is reset monthly. As at </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>March 31, 2012</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>, the equity swap agreements covered 2,500,000 common shares (2011 - 2,755,000) of the Company.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-CA face=helvetica,sans-serif>Hedge of net investments in foreign operations</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>As at </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>March 31, 2012</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>, the Company has designated a portion of its senior notes totalling US$192.8&nbsp;million (2011&nbsp;-&nbsp;US$105.0&nbsp;million) and a portion of the sale lease back obligation totalling US$19.7 million (2011 - nil) as a hedge of net investments in foreign operations. Gains or losses on the translation of the designated portion of its senior notes are recognized in OCI to offset any foreign exchange gains or losses on translation of the financial statements of foreign operations.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>The Company determined that there is no concentration of risks arising from financial instruments and estimated that the information disclosed above is representative of its exposure to risk during the period.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-CA face=helvetica,sans-serif>Letters of credit and guarantees</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>As at </FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>March 31, 2012</FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>, the Company had outstanding letters of credit and performance guarantees in the amount of $127.7&nbsp;million (2011&nbsp;&#8209;&nbsp;$153.7&nbsp;million) issued in the normal course of business. These guarantees are issued mainly under the Revolving Term Credit Facility as well as the Performance Securities Guarantee (PSG) account provided by Export Development Corporation (EDC) and under other standby facilities available to the Company through various financial institutions.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>The advance payment guarantees are related to progress/milestone payments made by the Company&#8217;s customers and are reduced or eliminated upon delivery of the product. The contract performance guarantees are linked to the completion of the intended product or service rendered by the Company and to the customer&#8217;s requirements. It represents 10% to 20% of the overall contract amount. The customer releases the Company from these guarantees at the signing of a certificate of completion. The letter of credit for the lease obligation provides credit support for the benefit of the owner participant in the September&nbsp;30,&nbsp;2003 sale and leaseback transaction and varies according to the payment schedule of the lease agreement.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 549.954pt; BORDER-COLLAPSE: collapse; HEIGHT: 219px" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 12pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>As at March 31</FONT></I><SUP><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif> </FONT></SUP></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(amounts in millions)</FONT></I><SUP><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif> </FONT></B></SUP></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2012&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2011&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Advance payment<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>80.1&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>67.3&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contract performance<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>52.0&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Lease obligation<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.6&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.9&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Simulator deployment obligation<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>-&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.9&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.8&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.6&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" width="53%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif><SUP></SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>127.7&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>153.7&nbsp;</FONT></P></TD></TR>

<TR style="HEIGHT: 3pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 3pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif><SUP></SUP></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 3pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR height=0>

   <TD width="3%">&nbsp;</TD>

   <TD width="50%">&nbsp;</TD>

   <TD width="21%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="6%">&nbsp;</TD>

   <TD width="1%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="6%">&nbsp;</TD>

   <TD width="1%">&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt" lang=EN-CA color=windowtext face=helvetica,sans-serif>Sale and leaseback transactions</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>For certain sale and leaseback transactions, the Company has agreed to guarantee the residual value of the underlying equipment in the event that the equipment is returned to the lessor and the net proceeds of any eventual sale do not cover the guaranteed amount. The maximum amount of exposure is $13.1&nbsp;million (2011&nbsp;</FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=arial,sans-serif>&#8211;</FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>&nbsp;$13.1&nbsp;million), of which $8.2&nbsp;million matures in 2020 and $4.9&nbsp;million in 2023. Of this amount, as at </FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>March 31, 2012</FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>, $13.1&nbsp;million is recorded as a deferred gain (2011&nbsp;</FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=arial,sans-serif>&#8211;</FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>&nbsp;$13.1&nbsp;million).&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt" lang=EN-CA color=windowtext face=helvetica,sans-serif>Indemnifications</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA face=helvetica,sans-serif>In certain instances when the Company sells businesses, it may retain certain liabilities for known exposures and provide indemnification to the buyer with respect to future claims for certain unknown liabilities that exist, or arise from events occurring, prior to the sale date, including liabilities for taxes, legal matters, environmental exposures, product liability, and other obligations. The terms of the indemnifications vary in duration, from one to two years for certain types of indemnities, terms for tax indemnifications that are generally aligned to the applicable statute of limitations for the jurisdiction in which the divestiture occurred, and terms for environmental liabilities that typically do not expire. The maximum potential future payments that the Company could be required to make under these indemnifications are either contractually limited to a specified amount or unlimited. The Company believes that other than the liabilities already accrued, the maximum potential future payments that it could be required to make under these indemnifications are not determinable at this time, as any future payments would be dependent on the type and extent of the related claims, and all available defences, which cannot be estimated. However, historically, costs incurred to settle claims related to these indemnifications have not been material to the Company&#8217;s consolidated financial position, net income or cash flows.</FONT></P>

<a name="_bclFooter67"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0pt 0pt 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-CA face=Helvetica,sans-serif>CAE Year-End Financial Results 2012 | 67</FONT><FONT>&nbsp;</FONT></P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_68"></a><a name="_bclPageBorder68"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader68"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 31 &#8211; OPERATING SEGMENTS AND
GEOGRAPHIC INFORMATION</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The
Company elected to organize its businesses based principally on products and
services. </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Operating segments
are reported in a manner consistent with the internal reporting provided to the
chief operating decision-maker. </font><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company manages operations through its five segments</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> (see Note 1). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Results by
segment</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The
profitability measure employed by the Company for making decisions about
allocating resources to segments and assessing segment performance is operating
profit (hereinafter referred to as segment operating income). The accounting
principles used to prepare the information by operating segments are the same
as those used to prepare the Company&#8217;s consolidated financial statements.
Transactions between operating segments are mainly simulator transfers from the
SP/C segment to the TS/C segment, which are recorded at cost. The method used
for the allocation of assets jointly used by operating segments and costs and
liabilities jointly incurred (mostly corporate costs) between operating
segments is based on the level of utilization when determinable and measurable,
otherwise the allocation is based on a proportion of each segment&#8217;s cost of
sales.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:502.500000pt;">
 <tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Year ended March 31, 2012</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/C</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/C</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Civil</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/M</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/M</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Military</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">NCM</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">External revenue</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 498.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 342.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 840.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 619.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 278.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 897.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 83.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,821.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Depreciation and amortization</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 67.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 72.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 92.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Intangible and other assets</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 12.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 33.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Impairment and reversal of impairment</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">of non-financial assets (Note 21)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Write-downs and reversals of </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">write-downs of inventories</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Write-downs and reversals of </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">write-downs of accounts receivable</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (0.1)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3.3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Segment operating income (loss)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 122.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 51.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 173.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 101.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 40.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 142.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (13.8)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 302.1&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Year ended March 31, 2011</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/C</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/C</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Civil</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/M</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/M</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Military</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">NCM</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">External revenue</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 454.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 272.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 726.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 586.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 279.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 865.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 38.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,630.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Depreciation and amortization</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 63.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 68.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 85.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Intangible and other assets</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 24.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Write-downs and reversals of </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">write-downs of inventories</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Write-downs and reversals of </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">write-downs of accounts receivable</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Segment operating income (loss)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 99.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 34.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 134.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 105.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 50.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 155.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> (8.4)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 281.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td valign=bottom width=3% style="background:white;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter68"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">68 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_69"></a><a name="_bclPageBorder69"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader69"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=27% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.5pt;">Operating profit</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=19 valign=bottom width=80% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The following table provides a reconciliation between total
  segment operating income and operating profit:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=20% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total segment operating income</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 302.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 281.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #7f7f7f 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Reversal of restructuring provision</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Operating profit</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=5% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 302.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #7f7f7f 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 282.6&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:25.5pt;">
  <td colspan=10 valign=bottom width=100% style="background:white;height:25.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Capital expenditures which
  consist of additions to non-current assets (other than financial instruments
  and deferred tax assets), by segment are as follows:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=53% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/C</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 146.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 86.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/C</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 25.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 20.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/M</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 29.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 22.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=53% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/M</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 14.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=53% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">NCM</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=53% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unallocated</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total capital expenditures</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 220.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 154.6&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Assets and liabilities employed by segment</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The Company uses
assets employed and liabilities employed to assess resources allocated to each
segment. Assets employed include accounts receivable, contracts in progress,
inventories, prepayments, property, plant and equipment, intangible assets,
derivative financial assets and other assets. Liabilities employed include
accounts payable and accrued liabilities, provisions, contracts in progress,
deferred gains and other non-current liabilities and derivative financial
liabilities. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=14 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Assets and liabilities
  employed by segment are reconciled to total assets and liabilities as
  follows:</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=54% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Assets employed</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/C</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,334.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,225.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,184.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/C</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 275.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 251.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 241.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/M</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 518.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 506.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 433.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/M</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 359.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 352.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 289.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">NCM</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 225.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 68.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 17.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Assets not included in assets employed</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 471.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 413.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 424.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total assets</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 3,183.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,817.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,591.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Liabilities employed</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/C</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 161.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 155.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 154.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/C</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 236.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 192.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 211.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SP/M</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 247.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 308.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 293.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">TS/M</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 178.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 174.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 127.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">NCM</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 46.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 27.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Liabilities not included in liabilities employed</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,272.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,024.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 970.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=54% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total liabilities</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2,141.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,884.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,772.9&nbsp;</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter69"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 69</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_70"></a><a name="_bclPageBorder70"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader70"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td colspan=5 valign=bottom width=80% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:9.5pt;">Geographic information</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:32.25pt;">
  <td colspan=11 valign=bottom width=100% style="background:white;height:32.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The Company markets its
  products and services globally. Sales are attributed to countries based on
  the location of customers.     Non-current assets other than financial instruments
  and deferred tax assets are attributed to countries based on the location of
  the assets.</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=bottom width=3% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Revenue from external customers</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 202.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 207.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United States</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 612.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 467.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United Kingdom</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 149.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 171.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Germany</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 121.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 137.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Netherlands</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 66.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 60.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other European countries</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 205.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 158.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">China</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 117.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 89.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United Arab Emirates</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 55.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 69.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other Asian countries</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 139.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 120.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Australia</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 73.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 96.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other countries</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 76.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 52.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=65% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,821.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,630.8&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:506.250000pt;">
 <tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td colspan=4 valign=bottom width=19% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">March
  31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">April
  1</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=55% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2010&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=62% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-current assets other than financial instruments and deferred
  tax assets</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 410.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 354.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 295.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United States</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 577.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 431.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 459.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">South America</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 102.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 71.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 50.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United Kingdom</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 255.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 248.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 194.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Spain</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 49.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 53.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 57.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Germany</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 61.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 64.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 66.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Belgium</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 64.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 60.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 70.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Netherlands</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 79.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 93.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 88.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other European countries</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 72.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 80.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 68.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United Arab Emirates</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 81.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 74.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 68.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other Asian countries</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 140.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 117.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 111.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other countries</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 38.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 28.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=51% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,933.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,679.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1,544.5&nbsp;</font></p>
  </td>
 </tr>
</table></div>









<a name="_bclFooter70"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">70 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_71"></a><a name="_bclPageBorder71"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader71"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 32 &#8211; related party relationships</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td colspan=7 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The following table
  includes principal investments which significantly impact the results or
  assets of the Company:</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=47% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=76% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Investments in subsidiaries consolidated in the Company&#8217;s
  financial statements:</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=47% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=47% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">%
  equity</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">%
  equity</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">interest</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">interest</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Name</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Country
  of incorporation</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">7320701 Canada Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">B.V. Nationale Luchtvaartschool</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Netherlands</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">BGT BioGraphic Technologies Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE (UK) PLC</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  Kingdom</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE (US) Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE (US) LLC</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Aircrew Training Services PLC</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  Kingdom</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">77.9%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">77.9%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Australia Pty Ltd.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Australia</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Aviation Training B.V.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Netherlands</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Aviation Training Chile Limitada</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Chile</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Aviation Training International Ltd.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Mauritius</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Aviation Training Peru Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Peru</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Beyss Grundst&#252;cksgesellschaft mbH</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Germany</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Brunei Multi Purpose Training Centre Sdn Bhd</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Brunei</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">60.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Center Amsterdam B.V.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Netherlands</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=FR style="font-size:7.5pt;">CAE Center Brussels N.V.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Belgium</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE China Support Services Company Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">China</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Civil Aviation Training Solutions, Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Datamine Corporate Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  Kingdom</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Delaware Buyco Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Electronik GmbH</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Germany</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Engineering Korl&#225;tolt Felel&#337;ss&#233;g&#369; T&#225;rsas&#225;g</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Hungary</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=FR style="font-size:7.5pt;">CAE Euroco S.&#224; r.l.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Luxembourg</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Flight &amp; Simulator Services Sdn. Bhd.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Malaysia</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Flight Solutions USA Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Flight Training Center Mexico, S.A. de C.V.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Mexico</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Flightscape Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Global Academy &#201;vora, SA</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Portugal</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Global Academy Phoenix Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Healthcare Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Holdings B.V.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Netherlands</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Holdings Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  Kingdom</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE India Private Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">India</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">76.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">76.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE International Capital Management Hungary LLC</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Hungary</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE International Holdings Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Investments S.&#224; r.l.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Luxembourg</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Japan Flight Training Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Japan</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Labuan Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Malaysia</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=FR style="font-size:7.5pt;">CAE Management Luxembourg S.&#224; r.l.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Luxembourg</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Mining Canada Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Mining Holdings Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE North East Training Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Professional Services (Canada) Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Professional Services Australia Pty Ltd.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Australia</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Services (Canada) Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Services GmbH</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Germany</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Services Italia S.r.l.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Italy</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=FR style="font-size:7.5pt;">CAE Servicios Globales de Instrucci&#243;n de Vuelo (Espa&#241;a), S.L.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Spain</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE SimuFlite Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=FR style="font-size:7.5pt;">CAE Simulation Technologies Private Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">India</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Simulator Services Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Singapore (S.E.A.) Pte Ltd.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Singapore</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE South America Flight Training do Brasil Ltda.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Brazil</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE STS Limited </font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  Kingdom</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Training Aircraft B.V.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Netherlands</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Training Norway AS</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Norway</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE USA Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Verwaltungsgesellschaft mbH</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Germany</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Engenuity Holdings (USA) Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Flight Simulator-Capital L.P.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Flight Training Device (Mauritius) Ltd.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Mauritius</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">ICCU Imaging Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">International Flight School (Mauritius) Ltd.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Mauritius</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Invertron Simulators PLC</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  Kingdom</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Kestrel Technologies Pte Ltd.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Singapore</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Medical Education Technologies, Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Presagis Canada Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Presagis Europe (S.A.)</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">France</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Presagis USA Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Rotorsim USA LLC</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Sabena Flight Academy NV</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Belgium</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=FR style="font-size:7.5pt;">Servicios de Instrucci&#243;n de Vuelo, S.L.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Spain</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">80.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">80.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Simubel N.V. (a CAE Aviation Training Company)</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Belgium</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Simulator Sevicios Mexico, S.A. de C.V.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Mexico</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">SIV Ops Training, S.L.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Spain</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">100.0%</font></p>
  </td>
 </tr>
</table></div>


<a name="_bclFooter71"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 71</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_72"></a><a name="_bclPageBorder72"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader72"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:502.500000pt;">
 <tr style="height:11.25pt;">
  <td colspan=3 valign=bottom width=76% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Investments in joint ventures accounted for under the
  proportionate consolidation method:</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=47% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=47% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">%
  equity</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">%
  equity</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">interest</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">interest</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Name</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Country
  of incorporation</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Asian Aviation Centre of Excellence Sdn. Bhd.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Malaysia</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Flight Training (India) Private Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">India</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Japan Flight Training Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Japan</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">51.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE-Lider Training do Brasil Ltda.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Brazil</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">China Southern West Australia Flying College Pty Ltd</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Australia</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">47.1%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">47.1%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CAE Simulation Training Private Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">India</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">25.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Embraer CAE Training Services (UK) Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  Kingdom</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">49.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">49.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Embraer CAE Training Services, LLC</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  States</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">49.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">49.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Emirates-CAE Flight Training LLC</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  Arab Emirates</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">49.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">49.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Hatsoff Helicopter Training Private Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">India</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Helicopter Training Media International GmbH</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Germany</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">HFTS Helicopter Flight Training Services GmbH</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Germany</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">25.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">25.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">National Flying Training Institute Private Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">India</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">51.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">51.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Philippine Academy for Aviation Training Inc.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Philippine</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Rotorsim s.r.l.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Italy</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Zhuhai Xiang Yi Aviation Technology Company Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">China</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">49.0%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">49.0%</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.750000pt;">
 <tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Available-for-sale investments:</font></b></p>
  </td>
 <td valign=bottom width=26% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=47% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=47% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">%
  equity</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">%
  equity</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Country
  of incorporation</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">interest</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">interest</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Name</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">CVS Leasing Limited</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">United
  Kingdom</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13.4%</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13.4%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=2 valign=bottom width=50% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Flight Simulator-Capital L.P.</font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Canada</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">19.5%</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=47% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=26% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=7 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The stated percentage of
  ownership is in relation to the Company&#8217;s ownership.</font></p>
  </td>
 </tr>
</table></div>









<a name="_bclFooter72"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">72 | CAE Year-End Financial Results 2012</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_73"></a><a name="_bclPageBorder73"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader73"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to

the Consolidated Financial Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 33 &#8211; Related Party Transactions</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:115%;">The
following transactions are carried out with related parties:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">Current amounts owed from</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">Portion attributable to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> 37.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> 16.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> 0.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">Current amounts owed to</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">Portion attributable to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> 13.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> 11.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> 0.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">Non-current amounts owed from</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">Portion attributable to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> 10.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Sales of products and services</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Portion attributable to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 105.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 55.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Purchases of products and services, and other</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Portion attributable to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 28.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other income transactions</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Portion attributable to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">The
non-current amounts owed from related parties are obligations under finance
leases maturing in October 2022 which carry an interest rate of </font><font face=arial,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">5.14</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">% per annum. There
are no provisions held against any of the receivables from related parties as
at March&nbsp;31,&nbsp;2012 (2011 </font><font face=calibri,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;"> nil).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">In
addition, during fiscal 2012, transactions amounting to $2.1 million (2011 </font><font face=calibri,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">&#8211;&nbsp;</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;"> $2.3 million)
were made, at normal market prices, with organizations of which some of the
Company&#8217;s directors are partners or officers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:115%;">Compensation of key
management personnel</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Key
management personnel have the ability and responsibility to make major
operational, financial and strategic decisions for the Company and include
certain executive officers. The compensation paid or payable to key management
for employee services is shown below:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Salaries and other short-term employee benefits</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Post-employment benefits</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Termination benefits</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Share-based payments</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:2.25pt;">
  <td valign=bottom width=53% style="background:white;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





<a name="_bclFooter73"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;margin-right:0pt;text-align:right;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;">CAE Year-End Financial Results 2012 | 73</font><font style="">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_74"></a><a name="_bclPageBorder74"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader74"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Notes to the Consolidated Financial

Statements</font><font style="">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;"><b><font color=#5F5F5F face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;text-transform:uppercase;">NOTE 34 &#8211; Events after the reporting
period</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Oxford Aviation Academy Luxembourg S.&#224; r.l.</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">On May 16, 2012, the Company acquired 100% of the shares of Oxford Aviation
Academy Luxembourg S.</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&#224;&nbsp;</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> r. l. (OAA) for total
consideration of $314.3 million.
OAA is a provider of aviation training and crew sourcing services. With this
acquisition, CAE strengthens its leadership and global reach in civil aviation
training by increasing its training centre footprint, growing its flight
academy network and extending its portfolio of aviation training solutions.
Management considers it impracticable to disclose information about the fair
value of the net assets acquired since the findings of the valuation exercise
are not yet available. The acquisition of OAA was financed through a senior
unsecured credit facility.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">No revenue or operating profit from OAA
was included in the consolidated income statement as at March 31, 2012. </font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:9.0pt;">Restructuring</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">CAE announced
restructuring measures on May 23, 2012 which are designed to refocus the
Company&#8217;s resources and capabilities in response to a change in CAE&#8217;s defence
market. Under these measures, CAE&#8217;s current workforce is being reduced by
approximately 300 employees worldwide.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-CA style="font-size:2.0pt;">&nbsp;</font></p>



</div>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2
<SEQUENCE>3
<FILENAME>q42012mda-en.htm
<DESCRIPTION>MD&A
<TEXT>

<HTML>
<HEAD>
   <TITLE>q42012mda-en.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

&nbsp; <A name="page_1"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader1"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 16pt" lang=EN-US face=helvetica,sans-serif>Management&#8217;s Discussion and Analysis</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>for the fourth quarter and year ended March 31, 2012</FONT></I></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -50.1pt; MARGIN: 0in 0in 3pt 50.1pt"><B><FONT style="TEXT-TRANSFORM: none; FONT-SIZE: 10pt" lang=EN-US color=#777777 face=Helvetica,sans-serif>1.</FONT></B><B><FONT style="TEXT-TRANSFORM: none; FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp; </FONT></B><B><FONT style="TEXT-TRANSFORM: none; FONT-SIZE: 10pt" lang=EN-US color=#777777 face=Helvetica,sans-serif>HIGHLIGHTS&nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0in"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>International Financial Reporting Standards (IFRS)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0in"><FONT style="FONT-SIZE: 8.5pt; FONT-WEIGHT: normal" lang=EN-US face=Helvetica,sans-serif>This report is prepared in accordance with IFRS and should be read in conjunction with our consolidated financial statements for the year ended March 31, 2012, which were prepared in accordance with IFRS 1, </FONT><I><FONT style="FONT-SIZE: 8.5pt; FONT-WEIGHT: normal" lang=EN-US face=Helvetica,sans-serif>First-time adoption of IFRS, </FONT></I><FONT style="FONT-SIZE: 8.5pt; FONT-WEIGHT: normal" lang=EN-US face=Helvetica,sans-serif>as issued by the International Accounting Standards Board (IASB). The comparative figures for the year ended March 31, 2011 have been restated to comply with IFRS. See Note 2 of the consolidated financial statements for details on the most significant adjustments to the statements of financial position, changes in equity, net income, comprehensive income and cash flows.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0in"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>FINANCIAL</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=#777777 face=helvetica,sans-serif>FOURTH QUARTER OF FISCAL 2012</FONT></P>

<H3 style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 6pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Higher revenue over last quarter and higher revenue over the fourth quarter of fiscal 2011</FONT></B></H3>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Consolidated revenue was $506.7 million this quarter, $53.6 million or 12% higher than last quarter and $41.1 million or 9% higher than the fourth quarter of fiscal 2011.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Higher net income attributable to equity holders of the Company compared to last quarter and compared to the fourth quarter of fiscal 2011 </FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Net income attributable to equity holders of the Company was $53.2 million (or $0.21 per share) this quarter, compared to $45.6 million (or $0.18 per share) last quarter, representing an increase of $7.6 million or 17%, and compared to $45.5 million (or $0.18 per share) in the fourth quarter of last year, representing an increase of $7.7 million or 17%; </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Excluding the reversal of the restructuring provision of $1.0 million booked in the fourth quarter of fiscal 2011, net income attributable to equity holders of the Company was $44.7 million (or $0.17&nbsp;per share) for that quarter. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<H3 style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Positive free cash flow<SUP><FONT><FONT>[1]</FONT></FONT></SUP> at $106.7 million this quarter</FONT></B></H3>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Net cash provided by operations was $122.1 million this quarter, compared to $70.4 million last quarter and $162.1&nbsp;million in the fourth quarter of last year;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Maintenance capital expenditures<SUP>1</SUP> and other asset expenditures were $13.1 million this quarter, $17.3 last quarter, and $19.0&nbsp;million in the fourth quarter of last year;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Cash dividends were $8.4 million this quarter, $8.0 million last quarter and $10.1 million in the fourth quarter of last year.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 2pt 0.25in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 9pt" lang=EN-US color=#777777 face=Helvetica,sans-serif>FISCAL 2012</FONT></P>

<H3 style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 6pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Higher revenue over fiscal 2011</FONT></B></H3>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Consolidated revenue was $1,821.2 million, $190.4 million or 12% higher than last year.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Higher net income attributable to equity holders of the Company</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Net income attributable to equity holders of the Company was $180.3 million (or $0.70 per share) compared to $160.3 million (or $0.62 per share) last year, representing a $20.0 million or 12% increase;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Excluding charges of $8.4 million ($2.7 million after tax) related to the acquisition and integration of Medical Educational Technologies, Inc. (METI), which was acquired during the year, net income attributable to equity holders of the Company would have been $183.0 million (or $0.71 per share) this year. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Excluding the reversal of the restructuring provision of $1.0 million ($0.8 million after tax) booked in fiscal 2011, net income attributable to the equity holders of the Company would have been $159.5 million (or $0.62&nbsp;per share).&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<H3 style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Positive free cash flow at $173.7 million </FONT></B></H3>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Net cash provided by operations was $233.9 million this year, compared to $226.3 million last year;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Maintenance capital expenditures and other asset expenditures were $61.2 million this year, compared to $62.7 million last year;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Cash dividends were $33.4 million this year, compared to $37.9 million last year.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Capital employed<SUP>1</SUP> ending at $1,576.5 million</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Capital employed increased by $259.8 million or 20% this year;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Non-cash working capital<SUP>1</SUP> increased by $64.5 million in fiscal 2012, ending at $113.4 million; </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Property, plant and equipment increased by $82.7 million;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Other long-term assets increased by $184.8 million, while other long-term liabilities increased by $72.2 million;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Net debt<SUP>1 </SUP>increased by $150.5 million this year, ending at $534.3 million.</FONT></P>

<HR align=left SIZE=1 width="33%">



<DIV id=ftn1><FONT lang=EN-US></FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="VERTICAL-ALIGN: super"><FONT style="VERTICAL-ALIGN: 0px"><FONT style="FONT-SIZE: 7pt" lang=EN-CA face=helvetica,sans-serif>[1]</FONT></FONT></FONT><FONT style="FONT-SIZE: 7pt" lang=EN-CA face=Helvetica,sans-serif> Non-GAAP and other financial measures (see Section 3.6).</FONT></P><FONT lang=EN-US></FONT></DIV>

<a name="_bclFooter1"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader2"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=FR-CA style="font-size:8.5pt;">ORDERS<sup>2<font style=""><font style=""></font></font></sup></font></b><sup><font style="vertical-align:super;"><font style="vertical-align:super;"><b><font color=white face=helvetica,sans-serif lang=FR-CA style="font-size:8.5pt;">[2]</font></b></font></font></sup></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The book-to-sales ratio<sup>2</sup> for the quarter was 1.44x (combined
civil was 1.32x, combined military was1.57x and New Core Markets was 1.0x). The
ratio for the last 12 months was 1.17x (combined civil was 1.29x, combined
military was 1.07x and New Core Markets was 1.0x);</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Total order intake this year was $2,128.3&nbsp;million, up $273.8
million over last year;</font></p>

<p style="margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Total
backlog<sup>2</sup> was $3,724.2&nbsp;million at March 31, 2012, $275.2 million
higher than last year.</font></p>

<p style="margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Civil segments</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Training &amp; Services/Civil obtained contracts with an expected
value of $686.9 million;</font></p>

<p style="margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Simulation
&amp; Products/Civil won $398.7 million of orders, including contracts for 37
full-flight simulators (FFSs).</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&#160;Military segments</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Simulation Products/Military won $528.8 million of orders for new
training systems and upgrades;</font></p>

<p style="margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Training
&amp; Services/Military won contracts valued at $430.9 million.</font></p>

<p style="margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">New Core Markets
segment</font></b></p>

<p style="margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">New Core
Markets won $83.0 million of orders.</font></p>

<p style="margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:9.0pt;">BUSINESS COMBINATIONS AND JOINT
VENTURES</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">On August 24, 2011, we announced that CAE Healthcare acquired
Medical Education Technologies, Inc. (METI), a worldwide leader in medical
simulation technologies and educational software, for US$130 million;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We entered into four new joint venture arrangements during fiscal
2012: CAE Japan Flight Training Inc. (51% participation), Asian Aviation Centre
of Excellence Sdn. Bhd. (50% participation) and CAE Simulation Training Private
Limited (25% participation) in the first quarter and Philippine Academy for
Aviation Training, Inc. (50% participation) in the third quarter;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">In March 2012, we acquired the outstanding 80.5% of the interests
in Flight Simulator Capital L.P. (Simucap) that we previously did not own. With
this acquisition, CAE owns 100% of the units of Simucap.</font></p>

<p style="margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:9.0pt;">OTHER</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We issued senior notes for US$150.0 million by way of a private
placement to fund the METI acquisition and to replace other existing
obligations which carried higher interest costs.</font></p>





<hr align=left size=1 width="33%">
<div id=ftn2><font lang=EN-US>

</font><p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font style="vertical-align:super;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;">2</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;"> Non-</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:7.0pt;">GAAP
</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;">and other financial measures</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:7.0pt;"> (see Section 3.6).</font></p><font lang=EN-US>

</font></div>

<a name="_bclFooter2"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader3"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:none;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:none;">&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:none;">INTRODUCTION&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">In this report, </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">we</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">, </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">us</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">,
</font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">our</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">, </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">CAE&nbsp;</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;"> and </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Company&nbsp;</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;"> refer to CAE Inc. and its
subsidiaries. Unless we have indicated otherwise:</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:2.0pt;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp; </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">This
year</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;"> and </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">2012&nbsp;</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;"> mean the fiscal year ending March&nbsp;31,&nbsp;2012;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Last year, prior year</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;"> and </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">a year ago </font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">mean the
fiscal year ended March&nbsp;31,&nbsp;2011;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Dollar amounts are in Canadian dollars.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">This report was prepared as of May 23, 2012, and includes
our management&#8217;s discussion and analysis (MD&amp;A) for the year and the
three-month period ended March&nbsp;31,&nbsp;2012 and the consolidated
financial statements and notes for the year ended March&nbsp;31,&nbsp;2012. We
have written it to help you understand our business, performance and financial
condition for fiscal 2012. Except as otherwise indicated, all financial
information has been reported in accordance with IFRS. All quarterly
information disclosed in the MD&amp;A is based on unaudited figures.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">For additional information,
please refer to our annual consolidated financial statements for this fiscal
year, which you will find in the annual report for the year ended
March&nbsp;31,&nbsp;2012. The MD&amp;A provides you with a view of CAE as seen
through the eyes of management and helps you understand the company from a
variety of perspectives:</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our vision;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our strategy and value proposition;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our operations;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Foreign exchange;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Non-GAAP and other financial measures;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Consolidated results;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Results by segment;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Consolidated cash movements and liquidity;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Consolidated financial position;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Business combinations;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Events after the reporting period;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Business risk and uncertainty;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Related party transactions;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Changes in accounting standards;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Controls and procedures;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Oversight role of the Audit Committee and Board of Directors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">You will find our most recent annual report and annual
information form (AIF) on our website at www.cae.com, on SEDAR at www.sedar.com
or on EDGAR at www.sec.gov.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:9.0pt;">ABOUT MATERIAL INFORMATION</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">This report includes the
information we believe is material to investors after considering all
circumstances, including potential market sensitivity. We consider something to
be material if:</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">It results in, or would reasonably be expected to result in, a
significant change in the market price or value of our shares, or;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">It is quite likely that a reasonable investor would consider the
information to be important in making an investment decision.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:9.0pt;">ABOUT FORWARD-LOOKING STATEMENTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">This report includes forward-looking
statements about our activities, events and developments that we expect to or
anticipate may occur in the future including, for example, statements about our
business outlook, assessment of market conditions, strategies, future plans,
future sales, pricing for our major products and capital spending.
Forward-looking statements normally contain words like </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">believe</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">expect</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">,
</font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">anticipate</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">plan,&nbsp;</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">intend</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">continue</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">estimate</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">,
</font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">may</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">will</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">should&nbsp;</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and similar expressions. Such statements
are not guarantees of future performance. They are based on management&#8217;s
expectations and assumptions regarding historical trends, current conditions
and expected future developments, as well as other factors that we believe are
appropriate in the circumstances.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We have based these statements on
estimates and assumptions that we believed were reasonable when the statements
were prepared. Our actual results could be substantially different because of
the risks and uncertainties associated with our business. Important risks that
could cause such differences include, but are not limited to, the length of sales
cycles, rapid product evolution, level of defence spending, condition of the
civil aviation industry, competition, availability of critical inputs, foreign
exchange rate occurrences and doing business in foreign countries.
Additionally, differences could arise because of events that are announced or
completed after the date of this report, including mergers, acquisitions, other
business combinations and divestitures. You will find more information about
the risks and uncertainties affecting our business in </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Business risk and
uncertainty</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> in the MD&amp;A.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We do not update or revise
forward-looking information even if new information becomes available unless
legislation requires us to do so. You should not place undue reliance on
forward-looking statements.</font></p>









<a name="_bclFooter3"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">3</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader4"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:9.0pt;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:9.0pt;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:none;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:none;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:none;">ABOUT CAE</font></b></p>

<p style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:6.0pt;page-break-after:auto;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">3.1</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">Who we</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;"> are</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=FR-CA style="font-size:7.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">CAE is a world
leader in providing simulation and modeling technologies and integrated
training services primarily to the civil aviation industry and defence forces
around the globe. We are globally diversified with more than 7,500 people at
more than 100 sites and training locations in over 2</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">5&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
countries. We have annual revenue exceeding $</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">1.8 </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">billion, nearly </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">90</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">% of which comes from worldwide exports and
international activities. We have the largest installed base of civil and
military flight simulators and a broad global aviation training network. We
offer civil aviation, military and helicopter training services in 40 locations
worldwide where we train more than 80,000 civil and military crewmembers
annually. Our main products include full-flight simulators (FFSs), which
replicate aircraft performance in a full array of situations and environmental
conditions. </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">appl</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">y our</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> simulation expertise and operational
experience to help customers enhance safety, improve efficiency, maintain readiness
and solve challenging problems. </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We are</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> now leveraging </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">our&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
simulation capabilities in new markets such as healthcare and mining.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&#160;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Approximately half
of our revenue comes from the sale of simulation products, software and
simulator updates, and the balance from services including training,
maintenance, aviation services and professional services. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Founded in 1947
and headquartered in Montreal, Canada, CAE has built an excellent reputation
and long-standing customer relationships based on </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">65&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
years of experience, strong technical capabilities, a highly trained workforce,
and global reach.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">CAE&#8217;s common
shares are listed on the Toronto and New York stock exchanges under the symbol
CAE.</font></p>

<p style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:9.0pt;page-break-after:auto;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">3.2</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">Our vision</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=FR-CA style="font-size:7.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Our vision is for
CAE to be synonymous with safety, efficiency and mission readiness. We intend
to be the </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">mission </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">partner of choice for customers operating
in complex mission-critical environments by providing the most innovative </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">product and service</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> solutions to enhance safety, improve efficiency and </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">provide superior decision-making capabilities</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:9.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:9.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:9.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">3.1</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">3.2</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">3.3</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">Our strategy and value proposition</font></b></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Our strategy</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We are a world-leading provider of modeling and
simulation-based training and decision support solutions. We currently serve
customers in two primary markets: civil aerospace and defence. We have extended
our capabilities into new markets of simulation&#8209;based training and
optimization solutions in healthcare and mining.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">A key tenet of our strategy in our core civil aerospace and
defence markets is to derive an increasing proportion of our business from the
existing fleet. This would include providing solutions for customers in support
of the global fleet of civilian and military aircraft. Historically, the
primary driver of our business was the delivery of new commercial aircraft. Our
Simulation Products/Civil (SP/C) segment, which in fiscal 2012 represented 19%
of our consolidated revenue, is most dependent on this more deeply cyclical
market driver. As a result of our diversification efforts, the balance of our
business involves mainly more stable and recurring sources of revenue like
training and services as well as military simulation products and services. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">In addition to diversifying our interests among customer
markets, our strategy has also involved more balance between products, which
tend to be more short-term and cyclical, and services, which tend to be more
long term and stable. As well, we continue to diversify our interests globally.
This is intended to bring our solutions closer to our customers&#8217; home bases,
which we think is a distinct competitive advantage. This also allows us to be
less dependent on any one market, and since business conditions are rarely
identical in all regions of the world, we believe this provides a degree of
stability to our performance. We are investing in both the mature and emerging
markets to capitalize on current and future growth opportunities. Approximately
one third of our revenue comes from the U.S., one third from Europe and one
third from the rest of the world including the high growth, emerging markets.
We continue to execute our growth strategy by selectively investing to meet the
long-term needs of our aerospace and defence customers, investing in
adjacencies within our core markets, and by investing in our new core markets. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Value proposition</font></b></p>


<a name="_bclFooter4"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">4</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader5"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The value we provide customers is
the ability to enhance the safety of their operations, improve their mission
readiness for potentially dangerous situations and lower their costs by helping
them become more operationally efficient. We offer a range of products and
services solutions to enhance our customers&#8217; planning and decision-making
abilities, as well as a complete range of products and services that can be
arranged in a customized package to suit our customers&#8217; needs and can be
adapted as their needs evolve over the lifecycle of their operations. We also
offer a broad global reach, and as a result, we are able to provide solutions
in proximity to our customers, which is an important cost-benefit consideration
for them.</font></p>




<h4 style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;">&nbsp;</h4>
<a name="_bclFooter5"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">5</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader6"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<h4 style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;font-style:normal;font-weight:normal;">Our core
competencies and competitive advantages include:</font></h4>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">World-leading modeling and simulation technology;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Comprehensive knowledge of training and learning methodologies
for the operation of complex systems using modeling and simulation;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Total array of training products and services solutions;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Broad-reaching customer intimacy;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Extensive global coverage and in-depth country familiarity;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">High-brand equity;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Proven systems engineering and program management processes;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Best-in-class customer support;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Well established in new and emerging markets.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></i></p>

<h4 style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=Helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">World-leading modeling and simulation technology</font></i></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We pride ourselves on our technological leadership. Pilots
around the world view our simulation as the closest thing to the true
experience of flight. We have consistently led the evolution of flight training
and simulation systems technology with a number of industry firsts. We have
simulated the entire range of large civil aircraft, a large number of the
leading regional and business aircraft and a number of civil helicopters. We
are an industry leader in providing simulation and training solutions for
fixed-wing transport aircraft, maritime patrol aircraft and helicopter
platforms for the military. We also have extensive knowledge, experience and
credibility in designing and developing simulators for prototype aircraft of
major aircraft manufacturers. We have extended our expertise in modeling and
simulation beyond training into other mission&#8209;critical areas where these
technologies are used to support superior decision&#8209;making capabilities.
As well, we are now applying these capabilities to new markets, such as
healthcare and mining.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<h4 style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=Helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">Comprehensive knowledge of training and learning methodologies for the
operation of complex systems using modeling and simulation</font></i></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We revolutionized the way aviation training is performed
when we introduced our CAE Simfinity<sup>TM</sup>-based training solutions <br>
and courseware. These training devices effectively bring the virtual aircraft
cockpit into the classroom at the earliest stages of ground school training,
making it a more effective and efficient training experience overall. We build
upon the CAE Simfinity<sup>TM</sup> product line to develop the trainers that
are used in the Airbus pilot and maintenance technician training programs. We
also developed e-Learning solutions to enable pilots and technicians to train
anytime and anywhere. We are using our experience gained in the development of
training and learning methodologies in aerospace to bring and enhance modeling
and simulation technologies to our training solutions in the healthcare and
mining domains. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<h4 style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=Helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">Total array of training products and services solutions</font></i></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We offer a wide array of training products, from desktop
trainers to FFSs, addressing both our civil and military customers&#8217; training
needs. With a large network of training centres, we are also a global leader in
aviation training providing the complete solution to meet our customers&#8217;
training and pilot placement needs. Our civil pilot training programs span over
90 different aircraft models including business aircraft, civil helicopters and
commercial airliners and provide curricula for initial, type rating, recurrent
and maintenance training.&nbsp;Our civil pilot provisioning solution adds value
and moves our customers&#8217; businesses forward by identifying, screening,
selecting, training and ultimately placing pilots at their airlines. In
addition, we deliver civil ab initio pilot training through our CAE Global
Academy which is the largest network of ab initio flight schools in the world,
with 11 schools across the globe. With 65 years of experience in simulation, we
are an industry expert in aviation training and are the industry&#8217;s training
solution one-stop shop. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=calibri,sans-serif lang=EN-US style="font-size:9.5pt;line-height:9.5pt;">&nbsp;</font></i></p>

<h4 style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=Helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">Broad-reaching customer intimacy</font></i></h4>

<h4 style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Helvetica,sans-serif style="font-size:8.5pt;font-style:normal;font-weight:normal;">We have been in business for 65 years and have relationships with most
of the world&#8217;s airlines and the governments of approximately 50 defence
operators in approximately 35 countries, including all branches of the U.S.
forces. Our customer advisory boards and technical advisory boards involve
airlines and operators worldwide. By listening carefully to customers, we are
able to gain a deep understanding of their mission needs and respond with
innovative product and service offerings that help improve the safety and
efficiency of their operations and their ability to make superior decisions.</font></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:9.5pt;">&nbsp;</font></p>

<h4 style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=Helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">Extensive global coverage and in-depth country familiarity</font></i></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We are globally diversified with more
than 7,500 people at more than 100 sites and training location in over 25
countries. Our broad geographic coverage allows us to respond quickly and cost
effectively to customer needs and new business opportunities while having a
deep understanding and respect of the regulations and customs of the local
market. We operate a fleet of more than 180 full&#8209;flight and full&#8209;mission
simulators in 40 civil aviation, military and helicopter training locations
worldwide to meet the wide range of operational requirements of our customers.
Our fleet includes simulators for various types of aircraft from major
manufacturers, including commercial jets, business jets and helicopters, both
civil and military.</font></p>

<h4 style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=Helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">&nbsp;</font></i></h4>

<h4 style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=Helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">High-brand equity</font></i></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Our simulators are typically rated among
the highest in the industry for reliability and availability. This is a key
benefit because simulators normally operate in high-duty cycles of up to 20
hours a day. We design our products so customers can upgrade them, giving them
more flexibility and opportunity as products change or new air&#8209;worthiness
regulations are introduced.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We have a broad global footprint, which enables close,
long-term relationships with our customers. Our brand not only promises leading
technology, but also superior customer support. CAE has a customer sales and
support organization that rivals the size of a number of our competitor&#8217;s
entire organizations.</font></p>





<a name="_bclFooter6"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">6</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader7"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Proven
systems engineering and program management processes</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We continue to develop solutions and
deliver technically complex programs within schedule to help ensure that there
are trained and mission-ready aircrew and combat troops around the world. This
includes MH-60 simulators for the U.S. Navy; C-130J simulators for the U.S.,
Indian and Canadian Defence Forces; MRH90 simulators for the Australian Defence
Forces, Royal Netherlands Navy and German Armed Forces; A330 Multi-Role Tanker
Transport training devices for the Royal Australian Air Force, United Arab
Emirates Air Force and Royal Saudi Air Force; and M-346 jet trainer simulators
for the Italian Air Force and the Republic of Singapore Air Force. These and
other programs combined with our continued investment in R&amp;D continue to
strengthen our technological leadership and strengthen our management expertise
to deliver complex programs that feature sensor simulation for maritime
operations, synthetic tactical environments for naval and fighter operations as
well as our visualization and common database technologies that deliver rich,
immersive synthetic environments for the most effective training and mission
rehearsal possible.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<h4 style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=Helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">Best-in-class customer support</font></i></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We maintain a strong focus on after-sales
support, which is often critical in winning additional sales contracts as well
as important update and maintenance services business. Our customer support
practices, including a web-based customer portal, performance dashboard, and
automated report cards, have resulted in enhanced customer support according to
customer comments and feedback.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<h4 style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=Helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">Well established in new and emerging markets</font></i></h4>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our approach to global markets is to model ourselves as a
multi-domestic rather than a foreign company. This has enabled us to be a first
mover into growth markets like China, India, the Middle East, South America and
Southeast Asia, where we have been active for several decades.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:0in;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:0in;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:0in;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">3.1</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">3.2</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">3.3</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">3.4</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Our operations</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:7.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">We primarily serve two markets globally:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The civil market includes aircraft manufacturers, major
commercial airlines, regional airlines, business aircraft operators, civil
helicopter operators, third-party training centres, ab initio pilot students
and flight training organizations (FTOs);</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The military market includes original equipment manufacturers
(OEMs), government agencies and defence forces worldwide.</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">We also serve the
healthcare market, involving hospital and university simulation centres,
teaching institutions, medical societies and OEMs, and the mining market,
serving global mining corporations, exploration companies, mining contractors
and the world&#8217;s premier mining consultancies.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">We are a global
leader with an unparalleled range of capabilities to help our customers achieve
greater levels of operational efficiency, safety and readiness. As such, we use
an integrated solutions-based approach to market, which often results in
multi-year agreements with our customers to provide them with a full complement
of both products and services. Although this go-to-market approach increasingly
entails the bundling of products and services, </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">since fiscal 2006, we have reported our operating results in four
individual segments: </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">one for
products and one for services for each of our two main markets. In addition to
our Civil and Military business segments, we report Healthcare and Mining
which, as of </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">the first quarter of fiscal
2012</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">, are presented together
as the New Core Markets (NCM) segment (previously presented in Training &amp;
Services/Civil). Fiscal 2011 comparative figures for
Training&nbsp;&amp;&nbsp;Services/Civil have been restated.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">CIVIL MARKET</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Training
&amp; Services/Civil (TS/C)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:auto;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Provides business, commercial and helicopter aviation
training for flight, cabin, maintenance and ground personnel and associated
services</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">We are the
largest provider of commercial and helicopter aviation training services in the
world and the second largest provider of business aviation training services.
We lead the market in the high-growth emerging regions of </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">China, India, the Middle East, South </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">America&nbsp;</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">
and</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> Southeast Asia</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">. </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Through
our broad global network of training centres we serve all sectors of civil
aviation including general aviation, major and regional airlines, helicopter
operators and business aviation. We currently operate </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">171 </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">FFSs
and provide aviation training and services in </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">more than 20</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
countries around the world, including aviation training centres, FTO</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">s&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> and
third-party locations. Among our thousands of customers, we have strategic
relationships, partnerships and joint ventures with </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">more than 20 major airlines, aircraft operators and
OEMs around the world.</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:9.0pt;"> </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">We
offer a </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">comprehensive&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> range of training solutions and services,
including curriculum development, training centre operations, pilot training,
cabin crew training, aircraft</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> maintenance</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> technician training, e-Learning and
courseware solutions, and consulting services. We are a leader in flight
sciences, using flight data analysis to improve airline safety, maintenance,
flight operations and training. CAE Global Academy is the world&#8217;s largest
network of ab initio </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">FTOs</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">, with a capacity for training up to 1,800
pilot cadets annually.</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> W</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">e&nbsp;</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> also
</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">offer our global base of
airline customers a long-term solution to pilot recruitment with pilot sourcing
services.</font></p>





<a name="_bclFooter7"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">7</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader8"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Simulation
Products/Civil (SP/C)</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Designs,
manufactures and supplies civil flight simulation training devices and visual
systems</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">We are the world
leader in the provision of civil flight simulation equipment, including FFSs
and a comprehensive suite of integrated training procedures trainers, flight
training devices and web-based e-learning, using the same high-fidelity Level D
software as the FFSs. We have designed and manufactured more civil FFSs for
major and regional commercial airlines, third-party training centres and OEMs
than any other company. We have developed a wealth of experience in developing
first-to-market simulators for more than 35 new types of aircraft models, and
mo</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">re&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> recently we have developed or have been awarded
contracts to develop simulators for the Airbus A350 XWB, Boeing 747-8,
Mitsubishi Regional Jet&nbsp;(MRJ), ATR42-600 and ATR72-600, Bombardier
CSeries, Global Express and Learjet 85, Embraer Phenom 100 and 300, Dassault
Falcon 7X</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> the Commercial Aircraft Corporation of China, Ltd
(COMAC) ARJ21. We also offer a full range of support services including simulator
updates</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and upgrades</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">, maintenance services, sales of spare
parts and simulator relocations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Market trends and outlook</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">In commercial
aviation, aircraft capacity and passenger traffic growth are primarily driven
by gross domestic product (GDP). The aerospace industry&#8217;s widely held
expectation is that long-term average growth for air travel will be
approximately 5% annually over the next two decades. The growth rates in the
emerging markets have been outpacing this global average growth rate, which is
of particular interest to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">us&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> given our leadership position in these
regions. The U.S. legacy airlines, a traditional CAE customer base, are in the
process of renewing their aircraft fleets to modern, efficient aircraft. The
growth in air travel and re-fleeting requirements have led to high commercial aircraft backlogs, to commercial aircraft manufacturers
increasing their production rates and to the announcement of new aircraft
programs.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">In business
aviation, aircraft orders and utilization are primarily driven by </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">corporate profitability and</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> by general economic conditions. U.S.&#8209;operated
aircraft utilization has to improve by approximately 15-20% in order to recover
the ground lost during the last recession. The business aviation industry
remains cautiously optimistic, and while some market uncertainty persists, the
number of business jet flights </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">rose 2% in
2011 compared with 2010, according</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> to the </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">U.S. </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Federal Aviation </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Administration&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> (FAA). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Major business
aircraft OEMs such as Bombardier, Cessna, Dassault and Gulfstream have
announced new aircraft programs which are an indication of their long-term
confidence in the demand for business aircraft travel. Globally, </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">we continue to see a steady increase in </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">demand for large&#8209;cabin business jets</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, while demand for </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">mid</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&#8209;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">sized </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">and
small-cabin </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">jets&nbsp;</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> remains stable at low levels.</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">In the SP/C
segment, the level of market activity has improved in the current fiscal year. </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We maintained </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">our leadership position </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">with 37 FFS unit sales in fiscal 2012.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The following
secular trends form the basis of our Civil market investment hypothesis:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Expected long-term growth in air travel;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Demand in emerging markets arising from secular growth and a need
for infrastructure to support air travel;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Aircraft backlogs;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">More efficient and more technologically advanced aircraft
platforms;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Aircraft re-fleeting by legacy airlines;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Long-term demand and shortage of trained aviation professionals
(pilots, maintenance, cabin crew).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<h5 style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face=helvetica,sans-serif style="font-size:8.5pt;">Expected
long-term growth in air travel</font></i></b></h5>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">In </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">calendar 2011, passenger traffic increased by </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">5.9</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">%
compared to calendar 2010, while freight-tonne-kilometres remained stable over
the same period</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> with</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> a</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">
modest 0.7</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">% decrease compared to</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> calendar </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">2010. For the first three months of calendar 201</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">2</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">,
passenger traffic increased by </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">7.4%&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> compared to the</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> first </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">three
month</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">s&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> of calendar 201</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">1</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">, while freight-tonne-kilometres</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> remained stable, decreasing</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> by </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">0.7%&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> over the same period</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:9.0pt;">. </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Over the past 20 years, air travel has grown at an
average rate of 4.8% and this is expected to continue over the next 20 years.
Possible impediments to steady growth progression in air travel include major
disruptions </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">such as</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> regional political instability, acts of
terrorism, pandemics, natural disasters, sharp and sustained increases in fuel
costs, major prolonged economic recessions or other major world events. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h5 style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face=helvetica,sans-serif style="font-size:8.5pt;">Demand
in emerging markets arising from secular growth and a need for infrastructure
to support air travel</font></i></b></h5>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Emerging markets
such as </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Africa, China, Eastern Europe, the
Indian sub-continent, the Middle East, South America and </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Southeast Asia are expected to continue
experiencing higher air traffic and economic growth over the long term than
mature markets such as North America and Western Europe, as well as an
increasing liberalization of air policy and bilateral air agreements. We expect
these markets to drive the long-term demand for the broad array of products and
services solutions that</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> we</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> bring to bear. </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> ha</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">ve&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
been active in these high-growth regions for several decades and </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">are&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
positioned as the market leader with well-established operations, strategic
partnerships and joint ventures in each of these regions.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<h5 style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face=helvetica,sans-serif style="font-size:8.5pt;">Aircraft
backlogs</font></i></b><b><i><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;"> &nbsp;</font></i></b></h5>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">In calendar 201</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">1</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">,
commercial aircraft OEMs Boeing and Airbus received </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">2,224&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
net orders</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> for new aircraft</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> (firm orders minus cancellations)</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, compared to 1,104 net orders in calendar 2010. N</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">et aircraft orders for Boeing and Airbus
were </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">502&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> for the three-month period ending March 31, 2012,</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
they continue to work through record backlog levels of more than </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">8,000 </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">aircraft,
which should help generate opportunities for our full portfolio of training
products and services. In calendar 2011, Boeing and Airbus reported a total of 1,011
airplane deliveries, compared to 972 deliveries in calendar 2010. </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">For the three-month period ending March 31, 2012,
commercial airplane deliveries for Boeing and Airbus were 268. </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Airbus and Boeing have announced a
succession of upcoming significant production increases of key models such as
the Airbus A320-family and A330, and Boeing&#8217;s B737NG and B777. Higher aircraft
deliveries should translate into higher demand for training products and
services.</font></p>

<h5 style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;">&nbsp;</h5>
<a name="_bclFooter8"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">8</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader9"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<h5 style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face=helvetica,sans-serif style="font-size:8.5pt;">More efficient and more technologically
advanced aircraft platforms</font></i></b></h5>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Airlines
demand more efficient aircraft</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Commercial aircraft </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">OEMs have announced plans to introduce, or
have already introduced, new, more efficient platforms. Some examples include
the new Boeing 737 MAX, the Boeing 747-8 and 787, </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">the </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Airbus
A350 XWB and A320neo, </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">the </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Mitsubishi MRJ, </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">the </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">COMAC
ARJ21, Russia&#8217;s UAC SSJ100</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> the Bombardier CSeries.
The demand for these new, more efficient platforms is driven by high fuel
prices, and, as </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">fuel&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> accounts for a significant portion of an
airline&#8217;s operating costs, airlines are actively seeking ways to reduce this
cost. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Business
jet operators demand high performance aircraft</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Business aircraft OEMs have
announced plans to introduce, or have already introduced, a variety of new
aircraft models incorporating the latest technologies to enhance performance
and operator benefits such as range, speed, comfort and the accessibility of
business air travel. Some examples include the Bombardier Learjet 85, the
Global 7000 and 8000, Embraer&#8217;s Legacy Series and Lineage 1000, Gulfstream&#8217;s
G650 and Cessna&#8217;s Citation M2 and Latitude.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">These more efficient</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and more
technologically advanced aircraft</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> platforms will drive the demand for new types of simulators and
training programs. One of our strategic priorities is to partner with
manufacturers to position ourselves for future opportunities. </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">In recent years, we have signed contracts with
Bombardier</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> for the CSeries
aircraft, with ATR for the new ATR42/72-600 aircraft, </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">with </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Mitsubishi
Aircraft Corporation for the new MRJ, and with Airbus for the A350 XWB to
leverage our modeling, simulation and training expertise to deliver training solutions,
including CAE 7000 Series FFS, CAE Simfinity<sup>TM</sup> procedures trainers,
comprehensive training programs and expansion of our network to meet airlines&#8217;
training needs. Deliveries of new-model aircraft are subject to program delays,
which in turn affect the timing of FFS orders and deliveries.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Aircraft
re-fleeting by legacy airlines</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Legacy airlines
have been taking steps to renew their aging aircraft fleets. The recent order
activity in the U.S. f</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">rom&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> Boeing and Airbus</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, for example from customers such as American Airlines,
Southwest Airlines and Delta Airlines,</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> highlights the potential for greater penetration of
new generation of aircraft in the U.S. air transportation system.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h5 style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><i><font face=helvetica,sans-serif style="font-size:8.5pt;">Long-term
demand and shortage of trained aviation professionals (pilots, maintenance,
cabin crew)</font></i></b></h5>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Worldwide
demand is expected to increase over the long term</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Growth in the
civil aviation market has driven the demand for pilots, maintenance technicians
and cabin crew worldwide, resulting in a shortage of qualified professionals in
several markets. Pilot supply constraints include aging crew demographics,
fewer military pilots transferring to civil airlines and low enrolment in
technical schools. In emerging markets such as China, </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">India, the Middle East, South</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> America and Southeast Asia, long-term air traffic
growth is outpacing the growth in mature markets</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> this trend is
expected to continue</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">New
pilot certification process requires simulation-based training</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Simulation-based
pilot certification training is beginning to take on an even greater role with
the Multi-crew Pilot License (MPL) certification process developed by the
International Civil Aviation Organization (ICAO), which has been adopted by
several individual national aviation authorities around the world. The MPL
process places more emphasis on simulation-based training to develop ab initio
students into First Officers for modern aircraft. </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
launched </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">the CAE</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> MPL course in fiscal 2010</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
graduates of </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">our&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> MPL program are now flying</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">. In fiscal 2012, we signed the world&#8217;s first long-term
commitment to MPL by a major airline with Air Asia. </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">If the MPL process continues to be adopted and gains
momentum in emerging markets like China, India, Southeast Asia, Eastern Europe
and the Middle East where there is the greatest need for a large supply of
qualified pilots trained in an efficient and effective manner, it would result
in increased use of simulation-based training.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">MILITARY MARKET</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">We generate
revenue across the defence market value chain by offering solutions to help
maintain and enhance our customers&#8217; </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">efficiency,
</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">mission readiness and
decision-making capabilities. We provide simulation products such as
full-mission simulators (FMS); we perform updates and upgrades to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">a significant installed base of </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">simulators&nbsp;</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and training devices</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">;
we provide maintenance and</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> in-service</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> support s</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">olutions</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">; we offer </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">training centres and </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">turnkey training services; we have a range of
capabilities to provide simulation-based professional services for analysis,
training and operational decision-making; and we have a software business
called Presagis, which develops and sells commercial&#8209;off&#8209;the&#8209;shelf
(COTS) modeling and simulation software solutions to OEMs, government agencies
and defence forces.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">We approach the
world&#8217;s defence markets by leveraging our global footprint and our in-country
expertise. We have local presence and centres of excellence in key markets
including </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Australia, Canada, Germany,
India, Singapore, the U.K and the U.S.</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> We have developed global operating processes which
allow us to place a high level of decision-making autonomy within the regions
while leveraging the full breadth of our products, services and capabilities
which results in greater efficiency and stronger customer relationships. </font></p>





<a name="_bclFooter9"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">9</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_10"></a><a name="_bclPageBorder10"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader10"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Simulation Products/Military (SP/M)</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Designs,
manufactures and supplies advanced military training equipment and software
tools for air forces, armies and navies</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Our SP/M segment
is a world leader in the design and production of military flight simulation
equipment. We develop simulation equipment, training systems and software tools
for a variety of military aircraft, including fast jets, helicopters, </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">trainer aircraft, </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">maritime patrol and tanker/transport aircraft. We also
offer simulation-based solutions for land and naval forces, including </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">a range of driver and gunnery trainers for tanks and
armoured fighting vehicles (AFVs) as well as </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">hands-on and virtual maintenance trainers. We have
designed the broadest range of military helicopter simulators in the world, and
we have also developed more training systems for the C-130 Hercules transport
aircraft than any other company. We have delivered simulation products and
training systems to more than </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">50&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> defence operators in approximately </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">35&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
countries, including all of the U.S. services. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Training
&amp; Services/Military (TS/M)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:auto;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Supplies turnkey training services, maintenance and support
services, simulation-based professional services and in-service support
solutions</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Our TS/M segment
provides turnkey training services and training systems integration expertise
to global defence forces, such as the Medium Support Helicopter Aircrew
Training Facility (MSHATF) at Royal Air Force (RAF) Benson in the U.K., the
Operational Training Systems Provider (OTSP) program for the Canadian Forces,
the German Army Aviation School at Buckeburg, the KC&#8209;135&nbsp;Aircrew
Training System for the United States Air Force&nbsp;(USAF) at 13 U.S. and
international bases as well as to our joint venture training centres, including
Rotorsim s.r.l in Italy with AgustaWestland and Helicopter Training Private
Limited (HATSOFF) in India with Hindustan Aeronautics Limited (HAL). Recently,
we formed a venture with the </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Government of
</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Brunei to develop the CAE
Brunei Multi Purpose Training Centre</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> Sdn Bhd (MPTC) </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">where
we will provide long-term training services involving helicopter and fixed-wing
aircraft training</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">.&#160; </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">We also provide a range of training support
services such as contractor logistics support, maintenance services, classroom
instruction and simulator training in over 70 sites around the world. TS/M
additionally provides a variety of modeling and simulation-based professional
and defence services, and offers a range of in-service support solutions such
as systems engineering and lifecycle management.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Market trends and
outlook</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We continue to see a good
number of opportunities globally for our modeling and simulation-based
solutions. However, in mature markets such as the United States and Europe, we
are experiencing longer and delayed procurement processes which are impacting
the timing of contract awards. While the Unites States and Europe address
budget challenges, we are seeing increased opportunities originating from
regions with growing defence budgets, like Asia and the Middle East, where CAE
has an established and growing presence. While the short-term uncertainty
brings near-term challenges, the expectation within the defence establishment
is that more and more training will be simulation-based in the future. Three
important factors help to distinguish our defence business. First, we have a uniquely
global position that gives us balance and diversity across the world&#8217;s defence
market. Second, we have a strong, experienced position on aircraft platforms
that are expected to have a long program life. Third, and most fundamentally,
simulation-based training provides considerable value as defence forces operate
in a constrained budget environment yet still need to train and maintain
troops&#8217; readiness. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Global position</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">CAE&#8217;s military business has,
since its inception, been globally diversified as the majority of global
defence expenditures have been outside the Canadian domestic market.
Approximately 1/3 of our business comes from the U.S., 1/3 from Europe and 1/3
from the rest of the world. We are currently working from a solid backlog and
continue to see a broad pipeline of global opportunities despite known
pressures on governments, mainly in the U.S., continental Europe and the U.K.,
to reduce defence spending in order to achieve fiscal reforms. These pressures
have led to some program delays and reductions, which has made it more
difficult to predict the timing and size of opportunities in the U.S. and
Europe. Nations, such as Germany and the U.K., are in the process of reducing
their force structures, which will result in fewer personnel requiring training
on the affected platforms, which may impact our future business.&nbsp;Yet at
the same time, emerging markets such as India, other Asian countries and the
Middle East are planning growth in defence expenditures and we are well
positioned in these regions. Since our interests span across a broad range of
more than 50&nbsp;defence operators in approximately 35 countries, our military
business is diversified across markets experiencing various rates of defence
expenditure.</font></p>





<a name="_bclFooter10"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">10</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_11"></a><a name="_bclPageBorder11"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader11"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Platform position</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We have made a conscious effort over the
last several years to position the company on aircraft platforms that we
believe have long program lives ahead of them. We are mainly involved with the
air domain on platforms such as helicopters, transport aircraft, tankers,
maritime patrol, and lead-in fighter trainer aircraft. </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">We have a good
track record for delivering programs on time and on budget and we are well
positioned to provide defence forces with </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">simulation and training </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">solutions
on a range of </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">these
type of </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">military
platforms</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">.
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">These
aircraft segments specifically include the C-130J transport
aircraft, the P-8A Poseidon and P&#8209;3C&nbsp;Orion maritime patrol aircraft,
the KC&#8209;46A tanker and A330 Multi-Role Tanker Transport, the NH90
helicopter, the M&#8209;346 and Hawk lead-in fighter trainers, the S&#8209;70
and H&#8209;60&nbsp;helicopter variants, the CH-47 Chinook heavy-lift
helicopter, Unmanned Aerial Systems (UAS) and other aircraft that form part of
the backbone of defence forces globally. </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Thus far, while in some markets these
platforms are not completely immune to pressures, platforms involving
helicopters and airlift/transport aircraft, which serve both defence and
humanitarian operations, have been relatively less exposed to reductions when
compared to platforms like combat aircraft (i.e. fighters). </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In the
U.S., planned cuts as part of the proposed fiscal 2013 budget have not materially
impacted programs where </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">we
have</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">
a strong position, and we do not anticipate major impacts to programs such as
the MH-60S/R, C-130J, P-8A, and others. The USAF&#8217;s proposed cancellation of the
C-130 Avionics Modernization Program (AMP) in its current state is the one
program potentially impacting CAE in the short-term, but this is not one of CAE
USA&#8217;s largest programs and would have minimal impact on our outlook. Our overall
positive long-term outlook is supported by the expectation that aircraft types
such as the C-130J and H-60 helicopters, which serve critical military as well
as humanitarian roles, will continue to be in demand globally. These platforms
are comprised of newer aircraft types with long program lives ahead of them and
we believe this will drive opportunities for us over the next decade. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Value of
simulation-based training</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Industry research studies suggest that</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">
simulation-based solutions will be well placed to address some of the budget
challenges facing defence operators. For example, a market research study
conducted by Aerospace and Defence Media (ASD) in calendar 2012 estimates that
military pilot training done in simulators will increase from an estimated 50%
in 2011 to 80% by 2021. We view</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> ourselves</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> as fundamentally being part of the
solution to achieving lower training costs while maintaining or improving
readiness. </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">To
date, we have seen some of our defence customers move to increase their use of
simulation-based training in an effort to achieve operational savings, and we
expect this kind of activity to continue over the long term, even as force
structures contract in some countries. The heads of defence forces and
governments have expressed their explicit desire to move more training hours
from actual weapon systems platforms to simulators as a means of achieving
recurring savings. In the near term, though, the urgency of budget reductions
has meant that the first priority for defence forces is finding areas to cut
and then secondly, to look for ways to save going forward, which we believe
will lead to increased use of simulation. </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">We also continue to
pursue new growth opportunities by expanding our core capabilities to other
defence domains such as land vehicle and professional services.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Market drivers and
our position</font></i></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">We believe </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">that we are</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> uniquely positioned in the current
environment to be part of the solution to reducing the cost of military
readiness. </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Demand&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> for our products and services should be driven by the:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Explicit desire of governments and defence forces to increase the
use of modeling and simulation;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Growing demand for our specialized modeling and simulation-based
products and services;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">High cost of operating live assets for training which leads to
more use of simulation;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Current and future nature of warfare requires joint forces
training and mission rehearsal;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Growing demand for traditional home station training.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h5 style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">Explicit desire of governments and defence forces to
increase the use of modeling and simulation</font></i></h5>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Governments and
defence forces have demonstrated an explicit desire to increase the use of
modeling and simulation for analysis, training, and operational
decision-making. These sentiments are expressed by militaries globally,
especially by the U.S. and other defence forces facing budget challenges.
Unlike civil aviation where the use of simulators for training is common
practice, there are no requirements to train in simulators in defence,
therefore the level of adoption has traditionally been much lower. Simulation
offers a number of advantages that address an ever increasing global threat
level and new economic constraints that are pressuring top-line defence
spending. The cost savings from the use of modeling and simulation are considerable.
The USAF estimates that live training is approximately 10 times more costly
than simulation-based training. According to the Department of Defence Fiscal
Year 201</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">3&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> budget </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">proposal, </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">USAF officials, in an effort to reduce
costs, have proposed cutting the service&#8217;s flight training budget. The USAF
promises that, by spending more time in &#8220;advanced simulator training&#8221;, aircrews
will make up the lost flight training. The cost of fuel, detrimental
environmental impacts, and significant wear and tear on weapon systems and
aircraft all point to greater use of simulation and synthetic training. This
type of training is critical for ensuring the readiness of global defence
forces as they face new and challenging threats. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h5 style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">Growing demand for our specialized modeling and
simulation-based products and services</font></i></h5>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">New
aircraft platforms</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">One of our
strategic priorities is to partner with manufacturers in the defence market to
strengthen relationships and position ourselves for future opportunities. OEMs </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">have introduced</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> new platforms </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">and
continue to upgrade and extend the life of existing platforms, which drives</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> worldwide demand for simulators and
training. For example, Boeing is developing a new maritime patrol aircraft
called the P-8A Poseidon and has won the U.S. Air Force contract for new air
refueling tankers, NH Industries is delivering the NH90 helicopter, Airbus
Military is aggressively marketing the A330 MRTT, A400M and C-295 transport
aircraft worldwide, Lockheed Martin is doubling production of the C&#8209;130</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">J&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> aircraft,
Alenia Aermacchi is successfully marketing the M&#8209;346&nbsp;advanced
lead-in fighter trainer and Sikorsky is offering new models of its H-60
helicopter to armies and navies worldwide, all of which fuel the demand for new
simulators and training, and for all of which we have products at different
development and production stages.</font></p>





<a name="_bclFooter11"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">11</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_12"></a><a name="_bclPageBorder12"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader12"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Use
of modeling and simulation for analysis and decision support</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Traditionally, modeling and simulation
have been used to support training. This specific application is well understood
and employed by militaries and civilian agencies around the world. We believe
there are growth opportunities in applying simulation across the program
lifecycle, including support for analysis and decision-making operations. We
see governments and militaries looking to use simulation-based synthetic
environments to support research and development programs, system design and
testing, intelligence analysis, integration and exploitation, and to provide
the decision support tools necessary to support mission planning in operations.
As an example, we developed a National Modelling and Simulation Centre (NMSC)
for the Ministry of Defence of Brunei.&nbsp;The NMSC is being used by the Royal
Brunei Armed Forces and Ministry of Defence to analyze force structure options,
evaluate and validate capabilities, develop doctrine and tactics, and support
training and mission rehearsal exercises.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Trend
towards outsourcing of training and maintenance services</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">D</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">efence forces and governments continue to scrutinize
expenditures to find ways to reduce costs and allow active-duty personnel to
focus on operational requirements</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, which
has an impact on defence budgets and resources</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">. There has been a growing trend among defence forces
to outsource a variety of training services and we expect this trend to
continue. Governments are outsourcing training services because they can be
delivered more quickly and more cost effectively. We have participated in
contracts of this nature in Canada, Germany, Australia, the U.K. and the U.S. </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">In fiscal 2011, w</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">e announced that CAE USA was
awarded an expected ten-year contract (subject to annual funding) to provide
comprehensive KC-135 aircrew training services to the USAF. CAE USA is the prime contractor responsible for providing program management, academic
and simulator instruction, maintenance and logistics services, training device
upgrades, and relocation services for more than 3,500 USAF KC-135 tanker
aircrews. In Australia, we have delivered a suite of KC-30A MRTT training
devices and </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">are now providing</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> comprehensive training services, including
classroom and simulator instruction to the Royal Australian Air Force. Recently, we formed a venture with the </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Government of </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Brunei to develop the CAE Brunei </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">MPTC </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">where we will provide long-term training
services involving helicopter and fixed-wing aircraft training</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Extension
and upgrade of existing weapon system platforms</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">OEMs are
extending the life of existing weapon system platforms by introducing upgrades
or adding new features, which increases the demand for upgrading simulators to
meet the new standards. For example, several OEMs are offering global
militaries operating C-130 aircraft a suite of avionics upgrades, which in turn
leads to a requirement for major upgrades to existing C-130 training systems or
potential new C-130 training systems.</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> As
an example, during fiscal 2012 we won a contract to perform a major upgrade to
the Canadian Forces&#8217; existing CC&#8209;130H FMS. While retiring some older
model C-5&#8217;s, t</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">he USAF is also
upgrading 52 legacy C&#8209;5&nbsp;aircraft to the new C-5M configuration,
which includes both avionics upgrades and a re&#8209;engining program. In fiscal 2011 we won a competitive contract to perform upgrades on the
USAF&#8217;s C&#8209;5&nbsp;training devices over the next several years. The award
of the USAF KC-135 Aircrew Training System has provided </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">us with</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
a contract vehicle for performing upgrades to all the KC-135 training devices
resulting from major aircraft upgrades and simulator obsolescence</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></b></p>

<h5 style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">High cost of operating live assets for training which leads
to more use of simulation</font></i></h5>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">More defence
forces and governments are adopting simulation in training programs because it
improves realism, significantly lowers costs, reduces operational demands on
aircraft that are being depreciated faster than originally planned, and lowers
risk compared to operating actual weapon system platforms. Using a simulator
for training also reduces actual aircraft flying hours and allows training for
situations where an actual aircraft and/or its crew and passengers would be at
risk.</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> The USAF, which is the U.S.
government&#8217;s largest user of energy, estimates that its fuel costs have risen
more than 225 percent over the past decade. The escalating cost of fuel is
prompting a greater adoption of simulation-based training.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h5 style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">Current and future nature of warfare requires joint forces
training and mission rehearsal</font></i></h5>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Demand
for networking</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Allies are
cooperating and creating joint and coalition forces which are driving the
demand for joint and networked training and operations. Training devices</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> that</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
can be networked to train different crews and allow for networked training
across a range of platforms</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> are
increasingly important as the desire to conduct mission rehearsal </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">exercises in a synthetic environment
increases. For example, as part of the C-130J Maintenance and Aircrew Training
System II program with Lockheed Martin, CAE is developing C-130J weapon systems
trainers for various branches of the U.S. Air Force that feature networking
capabilities for distributed mission operations.</font><b><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> &nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Growing
adoption of synthetic training for mission rehearsal</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">There is a growing
trend among defence forces to use synthetic training to meet more of their </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">mission </font><font face=helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">training
requirements. Simulation technology solutions enable defence customers to plan
sophisticated missions and carry out full-mission rehearsals in a synthetic
environment as a complement to traditional live training or mission
preparation. Synthetic training offers militaries a cost-effective way to
provide realistic training for a wide variety of scenarios while ensuring they
maintain a high state of readiness. For example, at </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">our MSHATF</font><font face=helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> in
the United Kingdom, </font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">we
</font><font face=helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">provide
pre-deployment training to the Royal Air Force and other allied forces prior to
Afghanistan deployments.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<h5 style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><i><font face=helvetica,sans-serif style="font-size:8.5pt;font-weight:normal;">Growing demand for traditional home station training</font></i></h5>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">With the United
States and allies in the process of reducing the number of troops deployed to
support operations in Afghanistan</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and elsewhere</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">, there
will be a growing demand for traditional home station training.&nbsp;When the
troops are not involved in actual operations, military forces need to train to
maintain the troops&#8217; skills and readiness. Most militaries expect to rebalance
the mix of live, virtual and constructive training.&nbsp;For example, the U.S.
Army is planning to reduce the use of live training ranges and transfer some of
this training to virtual and constructive simulation to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">reduce costs</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">.&nbsp;This will ultimately create opportunities for training devices
and training services. However, most militaries are also planning to reduce
force levels, which will impact the existing and future training infrastructure
required.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.1pt;">&nbsp;</font></p>


<a name="_bclFooter12"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">12</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_13"></a><a name="_bclPageBorder13"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader13"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">NEW CORE
MARKETS (NCM)</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Healthcare market</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Simulation-based
training is becoming recognized as one of the most effective ways to prepare
healthcare </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">practitioners </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">to care for patients and respond to
critical situations while reducing the overall risk to patients. Through
acquisitions and partnerships with experts in the healthcare field, we are
leveraging our knowledge, experience and best practices in simulation-based
aviation training to work with healthcare experts to deliver innovative
education, technologies and service solutions to improve the safety and
efficiency of this industry. Our objective is to offer realistic and
comprehensive tools that will help </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">students
and </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">practitioners sharpen
their skills and prepare for better patient outcomes. Our offering, which
integrates simulation and modeling, ranges from creating learning programs to
deploying a wide range of specialty-based simulators. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">We generate
revenue in five main areas: patient simulators, surgical simulators, ultrasound
simulators, learning applications/courseware and centre management systems. Our
patient simulators offer a high level of believability and life-like </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">responses&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> and teach students and healthcare practitioners to intervene quickly in
trauma scenarios with appropriate clinical measures. Our surgical simulators
incorporate haptic technology designed to allow students and practitioners to
practice and acquire skills to perform minimally invasive procedures, including
bronchoscopies, endoscopies and cardiac valve replacements. Our ultrasound
simulators combine e-learning, a mannequin and real time 3D animated display
that allows students and </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">practitioners&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> to become familiar with diagnostic bedside
ultrasound. Our simulation learning </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">applications</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">, such as our learning modules, e-learning
and mobile applications provide simulation tools which can be embedded within
hospital work environments or large teaching institutions which maximize time
available for student-learning through remote delivery of content and allows
for self&#8209;guided learning experiences and assessment. Our medical
simulation centre solutions are designed to simplify the </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">operations&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> behind managing complex simulation, assessment, recording and
debriefing, scheduling and event activities and student learning.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Following the
acquisition of </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Medical
Education Technologies, Inc. (METI)</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> during</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> the</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> second</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
quarter</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> of fiscal 2012</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">, </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">CAE Healthcare has now become a </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">leader in simulation-based technology for healthcare.</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> METI is a worldwide leader in medical
simulation technologies and education software with </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">over&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
6,000 simulators in medical schools, nursing schools, hospitals, defence forces
and other entities</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. CAE
Healthcare now has offices located in Canada, the </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">U</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">.S.</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">, Hungary and Germany</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> and has over 3</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">00</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">employees&nbsp;</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> that work</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> with a team of 50 clinical educators</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> and </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">a
network of more than 40 distributors in 40&nbsp;countries.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Market trends and outlook</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The Healthcare
simulation-based market is today focused mainly on education, consisting of the
operation, maintenance and procurement of all types of simulation technology,
and ranges from about $750 million to upward of $1 billion. Of that,
approximately $150&nbsp;million is represented by the human patient simulation
market, which is expected to grow in the double-digit range over the next
several years, driven by the need for greater patient safety and better
efficiency and effectiveness of healthcare education using simulation
technology. Our vision is for CAE Healthcare to lead broad adoption of
simulation-based training solutions for healthcare practitioners, improve
patient safety, reduce overall training cost, and ultimately save more lives. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Medical
simulation allows students and practitioners to pr</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">actice procedures in an environment where errors do not
result in unwanted circumstances. Medical errors result in 50,000 to 100,000
fatalities per year in the U.S. alone, according to the Institute of Medicine's
(IOM) published report, &#8220;To Err is Human: Building a Safer Health System&#8221;.
Medical simulators can help to reduce procedural errors by working to
fundamentally change the competency assessment and training of healthcare practitioners,
just as flight simulators revolutionized pilot certification and training decades
ago. In addition to the 793,000 physicians and 67,000 medical students, there
are approximately 3 million nurses and 250,000 nursing students in the U.S. and
8.8 million physicians and 14.5 million nurses worldwide.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&#160;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">The demand for our products and services is driven by
the:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Use of patient simulators;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Increased adoption of minimally-invasive surgery;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Advances in imaging technology applications in healthcare;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Increasing healthcare costs;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Service provider shortages.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Use of patient simulators</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Patient simulators
are the most commonly used simulators in the healthcare education and training
markets. Patient simulators have been designed and developed to support a
variety of applications in the education and training of practitioners. Human patient
simulation provides an opportunity to reduce medical errors and their severity
while improving patient care by enabling tailored clinical learning experiences
to provide opportunities to train for high-risk, low-frequency events. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Human patient
simulation can also provide practitioners with an opportunity to practice care for
a simulated patient with acute problems, such as airway obstruction or cardiac
arrest, hemorrhage, shock, or various other common emergent situations. Using
simulators, healthcare team members can work through each clinical situation by
assessing the presenting symptoms, providing appropriate interventions, and
managing the simulator&#8217;s response to the various treatments.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></i></b></p>





<a name="_bclFooter13"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">13</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_14"></a><a name="_bclPageBorder14"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader14"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Increased adoption
of minimally-invasive surgery </font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Minimally-invasive
surgery (MIS) is accomplished through small surgical incisions, specialized
surgical instruments, and endoscopic or other alternative surgical imaging. Due
to the advantages of MIS (reduced patient trauma and shorter hospitalization
periods), it has seen increased adoption and utilization in a number of
previously invasive surgical procedures. Continuing advances in surgical
technology and MIS techniques for a variety of procedures have established
surgery as the leading market application for simulation technology in
healthcare.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Advances in
imaging technology applications in healthcare</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Advanced imaging
technology integration into healthcare industry practices has increased due to
regulatory healthcare reform, the development of affordable technology-driven products
and growing industry awareness of the advantages of technology implementation.
Increasing patient awareness of alternative technological options in surgery
and other medical procedures have also helped to pressure insurers and service
providers into accepting and implementing information technologies and advanced
imaging technologies. For example, bedside ultrasonography has become an
invaluable tool in the management of critically ill patients. The hand-carried
ultrasound (HCU) has tremendous potential to immediately provide diagnostic
information at the bedside not assessable by a physical examination alone.
Provided that healthcare practitioners performing
point-of-care examinations with the HCU have adequate training, the HCU has the
potential to become a tremendous advantage for bedside assessment and treatment
of intensive care unit (ICU) patients.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Increasing healthcare costs</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Growth and costs
of primary care services are correlated to general population growth and
healthcare coverage expansion. Longer life expectancy and the baby boomer
generation have generated significant demand for services associated with
chronic illnesses and aging populations. In addition, general consensus exists
among health economists that the rise in healthcare costs and spending is
principally the result of widespread adoption of medical technologies and a
greater number of advanced medical services and treatments during inpatient and
outpatient visits. Widespread adoption of medical technologies and a greater
number of advanced medical services could ultimately translate into higher
demand for training products and services. Experts have demonstrated that the
use of medical simulation improves patient outcomes and reduces error rates
which help mitigate the rate of increase in the overall cost of healthcare.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Service provider shortages</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Shortages of primary care or family
medicine physicians and specialty-medicine physicians are expected to occur.
Virtual medical and surgical simulators will aid in the education and training
of physicians and medical professionals, by helping to relieve bottlenecks and
improve the effectiveness of training. An aging population is driving an
increasing need for healthcare delivery while the aging healthcare workforce is
resulting in increasing turnover risk at hospitals. According to the U.S.
Department of Health and Human Services, &quot;the U.S. will require 1.2&nbsp;million
new Registered Nurses (RNs) by 2014 to meet the nursing needs of the country,
500,000 to replace those leaving practice and an additional 700,000 new RNs to
meet growing demands for nursing services&quot;. The World Health Organization
also reported that there were 57 countries with critical shortages equivalent
to a global deficit of 2.4 million doctors, nurses and midwives worldwide. As
students graduate and move into clinical practice, there is a growing need
among hospitals for on&#8209;boarding programs that transition the new nurse to
competent practitioner effectively and efficiently. Simulation is now moving
from the academic setting into clinical practice as a means to provide a safe
environment for clinical training.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Mining market</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We have customers in over 90 countries
that are currently supported by our offices in Australia, Brazil, Canada,
Chile, India, Kazakhstan, Peru, South Africa, the U.S. and the U.K. We provide
products and services for open pit and underground operations to mining
organizations, from large diversified miners to junior miners and
consultancies.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We generate revenue by delivering
products and services across the mining value chain. Our software products are
used for managing exploration and geological data, mine strategy, optimization,
detailed design and scheduling for all mining methods and commodities. Our
technical consulting team includes over 100 experienced geologists and mining
engineers, servicing client needs such as managing exploration drilling
programs, mining studies, resource evaluation, on-site technical services and
business improvement projects. Our CAE Terra mining equipment simulators, developed
and launched in fiscal 2012, leverage our experience in simulation to provide
an unrivalled level of realism. Our simulators are integrated with a
comprehensive student management system, lesson planning tools and interactive
touch panel instructor station. Our training services include workforce
development planning, training needs analysis, professional development in
technical disciplines and the design and implementation of operator training
curriculum. Our operator training courseware is designed for multiple delivery
modes including self-paced e-learning, instructor-led classroom training,
procedural training and scenarios delivered in our high fidelity simulators.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Market trends and outlook</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Our technology and
services are used by customers to increase productivity and improve safety. The
factors driving demand for our technology and services are:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Industry skills shortages due to rapid expansion in new mines;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Health and safety priority;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Greater need for operational efficiency to optimize yields from
currently operating mines;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Declining grades and higher energy consumption resulting in
increased cost of extraction;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Increased activity in exploration and mining due to continued
strong demand for commodities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>





<a name="_bclFooter14"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">14</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_15"></a><a name="_bclPageBorder15"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader15"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Industry skills
shortages due to rapid expansion in new mines</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Skill shortages in many regions are
putting upward pressure on wages and project costs. Without significant
increases in the number of skilled workers or the introduction of new
technology to expand production with fewer workers, growth in supply will be
constrained. BHP Billiton estimates the resources industry in Australia alone
will need more than 150,000 extra workers across a variety of disciplines over
the next five years. Skill shortages will likely drive demand for additional training.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Health and safety priority</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Health and safety standards continue to
be an area of focus for improvement through the use of technological advances
and increased skills training to create a more highly skilled and
better-educated work force. Mining companies are focusing on automated
equipment, remote control of operations and simulation-based training of the
workforce as means to improve overall safety.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Greater need for operational efficiency
to optimize yields from currently operating mines</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">In the last 30 years the average grade of
ore bodies in some mining regions of the world has halved, while the waste
removed to access the minerals has more than doubled. Given the volatility of
mineral prices and energy costs, different approaches are needed. These will
include the increased use of optimization tools, simulation and scenario
analysis within the industry to maximize value and maintain the viability of
current operations, while helping mining companies focus on maximizing metal
recovery instead of simply maximizing throughput.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Declining grades and higher energy
consumption resulting in increased cost of extraction</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Average grades have been trending lower
while energy consumption has been on the rise, leading to a significant change
in the cost base of the industry. Large mining organizations are requiring
multi-disciplinary expertise to help address complex industry-wide challenges.
We are actively involved in finding technology-based solutions for recovering
metal using less energy. Our existing tools for optimization and scenario
analysis help mining organizations respond to changing prices and input costs
in order to maximize the potential of their existing operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Increased activity in exploration and
mining due to continued strong demand for commodities</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Commodity prices are driven by supply and
demand. While commodity prices are off their peaks, they remain at historically
high prices and demand remains strong. Increased consumerism and urbanization
in emerging markets are fueling growth in demand for raw materials,
particularly for bulk materials such as iron ore and coal, although economic
conditions in the U.S. and Europe are dampening growth in mature markets.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The world&#8217;s 40 largest miners have
collectively announced the investment of more than US$300 billion for capital
programs. Investment in new supply is increasingly focused on deposits in more
remote territories or those requiring more complex development. Much of the
exploration activity is being performed by junior miners who are investing in
drilling programs to determine mineral resources and ore reserves. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:11.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">3.1</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">3.2</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">3.3</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">3.4</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">3.5</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Foreign exchange</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We report all dollar amounts in Canadian dollars. We value
assets, liabilities and transactions that are measured in foreign currencies
using various exchange rates as required by IFRS.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The tables below show the variations of the closing and
average exchange rates for our three main operating currencies. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We used the closing foreign exchange rates below to value
our assets, liabilities and backlog in Canadian dollars at the end of each of
the following periods:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.0pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase/</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(decrease)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">U.S. dollar (US$ or
  USD)</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.00&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.97&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3%</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Euro (&#8364;)</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.33&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.38&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(4%)</font></i></p>
  </td>
 </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">British pound (&#163; or
  GBP)</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.60&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.56&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3%</font></i></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


<a name="_bclFooter15"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">15</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_16"></a><a name="_bclPageBorder16"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader16"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=4 valign=bottom width=85% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">We
  used the average foreign exchange rates below to value our revenues and
  expenses:</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(Decrease)/</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2011&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">increase</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">U.S. dollar (US$ or
  USD)</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.99&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.02&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(3%)</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Euro (&#8364;)</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.37&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.34&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2%</font></i></p>
  </td>
 </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">British pound (&#163; or
  GBP)</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.58&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.58&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> -&nbsp;</font></i></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">For fiscal 2012, the effect of
translating the results of our foreign operations into Canadian dollars
resulted in a decrease in revenue of $1.2 million and no impact to net income,
when compared to fiscal 2011.</font></p>





<a name="_bclFooter16"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">16</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
&nbsp; <A name="page_17"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader17"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif>Management&#8217;s Discussion and Analysis</FONT></FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Three areas of our business are affected by changes in foreign exchange rates:&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 2pt 0.25in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><B><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Our network of training centres</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Most of our training network revenue and costs are in local currencies. Changes in the value of local currencies relative to the Canadian dollar therefore have an impact on the network&#8217;s net profitability and net investment. Under IFRS, gains or losses in the net investment in a foreign operation that result from changes in foreign exchange rates are deferred in the foreign currency translation</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif> account </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>(</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>accumulated </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>other </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>comprehensive income</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>), which is part of the equity section of the consolidated statement of financial position. Any effect of the fluctuation between currencies on the net profitability has an immediate translation impact on the consolidated income statement and an impact on year-to-year and quarter-to-quarter comparisons.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 2pt 0.25in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><B><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Our simulation products operations outside of Canada (Australia, Germany, India, Singapore, U.K and U.S.)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Most of the revenue and costs in these operations from foreign operations are generated in their local currency except for some data and equipment bought in different currencies from time to time</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>,&nbsp;</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif> as well as any work performed by our Canadian manufacturing operations. Changes in the value of the local currency relative to the Canadian dollar therefore have a translation impact on the operation&#8217;s net profitability and net investment when expressed in Canadian dollars.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 2pt 0.25in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><B><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Our simulation products operations in Canada</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Although the net assets of our Canadian operations are not exposed to changes in the value of foreign currencies (except for receivables and payables in foreign currencies), a significant portion of our annual revenue generated from Canada is in foreign currencies (mostly the U.S. dollar and the euro), while a significant portion of our expenses are in Canadian dollars.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>We generally hedge the milestone payments of sales contracts denominated in foreign currencies to protect ourselves from some of the foreign exchange exposure. Since less than 100% of our revenue is hedged, it is not possible to completely offset the effects of changing foreign currency values, which leaves some residual exposure that can affect the consolidated income statement.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>We continue to hold a portfolio of currency hedging positions intended to mitigate the risk to a portion of future revenues presented by the volatility of the Canadian dollar versus </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>foreign currencies</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>. The hedges are intended to cover a portion of the revenue in order to allow the unhedged portion to match the foreign cost component of the contract. With respect to the remaining expected future revenues, our manufacturing operations in Canada remain exposed to changes in the value of the Canadian dollar.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>In order to reduce the variability of specific U.S. and euro-denominated manufacturing costs, we hedge some of the foreign currency costs incurred in our manufacturing process. </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Sensitivity analysis</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>We conducted a sensitivity analysis to determine the current impact of variations in the value of foreign currencies. We evaluated the sources of foreign currency revenues and expenses and determined that our consolidated exposure to foreign currency mainly occurs in two areas:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Foreign currency revenues and expenses in Canada for the manufacturing business &#8211; we hedge a portion of these exposures;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Translation of foreign currency of operations in foreign countries. Our exposure is mainly in our operating profit.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>First we calculated the revenue and expenses per currency to determine the operating profit in each currency. Then we deducted the amount of hedged revenues to determine a net exposure by currency. Next we added the net exposure from foreign operations to determine the consolidated foreign exchange exposure in different currencies.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Finally, we conducted a sensitivity analysis to determine the impact of a weakening of one cent in the Canadian dollar against each of the other three currencies. The table below shows the typical impact of this change, after taxes, on our yearly revenue and operating profit, as well as our net exposure:</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 504pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Operating</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>Exposure</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Revenue</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Profit</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Hedging</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Exposure</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="40%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>U.S. dollar (US$ or USD)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>11.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(2.3)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.5&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="40%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Euro (&#8364;)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(0.1)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.2&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12pt">

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="40%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>British pound (&#163; or GBP)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(0.1)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12pt; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.1&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="69%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>A possible strengthening of one cent in the Canadian dollar would have the opposite impact.</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 11.25pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR></TABLE></DIV>

<a name="_bclFooter17"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>CAE Year-End Financial Results 2012 | </FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>17</FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif></FONT></FONT><FONT>&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 2pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_18"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader18"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif>Management&#8217;s Discussion and Analysis</FONT></FONT></P></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 0.7pt; FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.3in; MARGIN: 12pt 0in 3pt 50.1pt; DISPLAY: none"><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>1.</FONT></B><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></FONT><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>&nbsp;</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.3in; MARGIN: 12pt 0in 3pt 50.1pt; DISPLAY: none"><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>2.</FONT></B><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></FONT><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>&nbsp;</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.3in; MARGIN: 12pt 0in 3pt 50.1pt; DISPLAY: none"><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>3.</FONT></B><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></FONT><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>&nbsp;</FONT></B></FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -0.4in; MARGIN: 12pt 0in 3pt 0.4in; DISPLAY: none"><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>3.1</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></FONT><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>&nbsp;</FONT></B></FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -0.4in; MARGIN: 12pt 0in 3pt 0.4in; DISPLAY: none"><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>3.2</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></FONT><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>&nbsp;</FONT></B></FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -0.4in; MARGIN: 12pt 0in 3pt 0.4in; DISPLAY: none"><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>3.3</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></FONT><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>&nbsp;</FONT></B></FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -0.4in; MARGIN: 12pt 0in 3pt 0.4in; DISPLAY: none"><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>3.4</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></FONT><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>&nbsp;</FONT></B></FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -0.4in; MARGIN: 12pt 0in 3pt 0.4in; DISPLAY: none"><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>3.5</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></FONT><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=helvetica,sans-serif>&nbsp;</FONT></B></FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-INDENT: -0.4in; MARGIN: 0in 0in 3pt 0.4in"><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=Helvetica,sans-serif>3.6</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=Helvetica,sans-serif>Non-GAAP and other financial measures</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>This MD&amp;A includes non-GAAP and other financial measures. Non-GAAP measures are useful supplemental information but may not have a standardized meaning according to GAAP. You should not confuse this information with, or use it as an alternative for, performance measures calculated according to GAAP. You should also not use them to compare with similar measures from other companies.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Adjusted net debt</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Adjusted net debt is a non-GAAP measure we use to monitor how much net debt we have without taking into account additional obligations under finance leases. We </FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>monitor&nbsp;</FONT><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif> this indicator </FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>and </FONT><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>believe that </FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>readers&nbsp;</FONT><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif> of our MD&amp;A </FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>use it in assessing</FONT><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif> our performance with </FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>our&nbsp;</FONT><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif> peers. We calculate it by taking our total long-term debt</FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif> including the current portion of long-term debt and subtract</FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>ing </FONT><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>cash and cash equivalents and obligations under finance leases.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Backlog</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Backlog is a non-GAAP measure that represents the expected value of orders we have received but have not yet executed.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>For the SP/C, SP/M and TS/M segments, we consider an item part of our backlog when we have a legally binding commercial agreement with a client that includes enough detail about each party&#8217;s obligations to form the basis for a contract or an order;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>Military contracts are usually executed over a long-term period and some of them must be renewed each year. For the SP/M and TS/M segments, we only include a contract item in backlog when the customer has authorized the contract item and has received funding for it;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>For the TS/C and NCM segments, we include revenues from customers with both long-term and short-term contracts when these customers commit to pay us training fees, or when we reasonably expect them from current customers.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>The book-to-sales ratio is the total orders divided by total revenue in the period.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Capital employed</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Capital employed is a non-GAAP measure we use to evaluate and monitor how much we are investing in our business. We measure it from two perspectives:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Capital used:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 2pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>For the company as a whole, we take total assets (not including cash and cash equivalents), and subtract total liabilities (not including long-term debt and the current portion of long-term debt);</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.4pt; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>For each segment, we take the total assets (not including cash and cash equivalents, tax accounts and other non-operating assets), and subtract total liabilities (not including tax accounts, long-term debt and the current portion of long-term debt, royalty obligations, employee benefits obligations and other non-operating liabilities).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Source of capital:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 2pt 0.25in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>In order to understand our source of capital, we add net debt to total equity.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Capital expenditures (maintenance and growth) from property, plant and equipment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Maintenance capital expenditure is a non-GAAP measure we use to calculate the investment needed to sustain the current level of economic activity.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Growth capital expenditure is a non-GAAP measure we use to calculate the investment needed to increase the current level of economic activity.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Free cash flow</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Free cash flow is a non-GAAP measure that shows us how much cash we have available to build the business, repay debt and meet ongoing financial obligations. We use it as an indicator of our financial strength and liquidity. We calculate it by taking the net cash generated by our continuing operating activities, subtracting maintenance capital expenditures, other assets not related to growth and dividends paid and adding proceeds from the</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif> disposal</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif> of property, plant and equipment.</FONT></P>

<a name="_bclFooter18"></a><DIV>

<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif></FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>18</FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif> | </FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>CAE Year-End Financial Results</FONT></FONT><FONT style="FONT-SIZE: 8pt" lang=EN-CA face=Helvetica,sans-serif> &nbsp;</FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>2012</FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 2pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_19"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader19"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif>Management&#8217;s Discussion and Analysis</FONT></FONT></P></DIV>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Gross profit</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Gross profit is a non-GAAP measure equivalent to the operating profit excluding research and development expenses, selling, general and administrative expenses and other (gains) losses &#8211; net.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Net debt</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Net debt is a non-GAAP measure we use to monitor how much debt we have after taking into account liquid assets such as cash and cash equivalents. We use it as an indicator of our overall financial position, and calculate it by taking our total long-term debt, including the current portion</FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif> of long-term debt</FONT><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>, and subtracting cash and cash equivalents.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Non-cash working capital</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Non-cash working capital is a non-GAAP measure we use to monitor how much money we have committed in the day-to-day operation of our business. We calculate it by taking current assets (not including cash and cash equivalents or the current portion of assets held-for-sale) and subtracting current liabilities (not including the current portion of long-term debt or the current portion of liabilities related to assets held-for-sale).</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Operating profit</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Operating profit is a non-GAAP measure that shows us how we have performed before the effects of certain financing decisions and tax structures. We track operating profit because we believe it makes it easier to compare our performance with previous periods, and with companies and industries that do not have the same capital structure or tax laws.</FONT></P>

<a name="_bclFooter19"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>CAE Year-End Financial Results 2012 | </FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>19</FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif></FONT></FONT><FONT>&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 2pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_20"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader20"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif>Management&#8217;s Discussion and Analysis</FONT></FONT></P></DIV>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Research and development expenses</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Research and development expenses are a financial measure we use to measure the amount of expenditures directly attributable to research and development activities that we have expensed during the period, net of investment tax credits and government contributions.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Return on capital employed</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Return on capital employed (ROCE) is a non-GAAP measure we use to evaluate the profitability of our invested capital. We calculate this ratio over a rolling four-quarter period by taking earnings from continuing operations attributable to equity holders of the Company excluding interest expense, after tax, divided by the average capital employed. </FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Revenue simulator equivalent unit</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Revenue simulator equivalent unit (RSEU) is a financial measure we use to show the total average number of FFSs available to generate revenue during the period. For example, in the case of a 50/50 flight training joint venture, we will report only 50% of the FFSs deployed under this joint venture as an RSEU. If a FFS is being powered down and relocated, it will not be included as an RSEU until the FFS is re-installed and available to generate revenue.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Segment operating income (loss)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Segment operating income or loss (SOI) is a non-GAAP measure and our key indicator of each segment&#8217;s financial performance. This measure gives us a good indication of the profitability of each segment because it does not include the impact of any items not specifically related to the segment&#8217;s performance. We calculate it by using segment operating profit, which excludes the net finance expense, income taxes, discontinued operations and other items not specifically related to the segment&#8217;s performance.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Unfunded backlog</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=X-NONE face=Helvetica,sans-serif>Unfunded backlog is a non-GAAP measure that represents firm military orders we have received but have not yet executed for which funding authorization has not yet been obtained. We include unexercised options with a high probability that they will be exercised, but exclude indefinite-delivery/indefinite-quantity (IDIQ) contracts.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -50.1pt; MARGIN: 0in 0in 3pt 50.1pt; DISPLAY: none"><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#777777 face=helvetica,sans-serif>1.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></FONT><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#777777 face=helvetica,sans-serif>&nbsp;</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -50.1pt; MARGIN: 0in 0in 3pt 50.1pt; DISPLAY: none"><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#777777 face=helvetica,sans-serif>2.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></FONT><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#777777 face=helvetica,sans-serif>&nbsp;</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -50.1pt; MARGIN: 0in 0in 3pt 50.1pt; DISPLAY: none"><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#777777 face=helvetica,sans-serif>3.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></FONT><FONT style="DISPLAY: none" color=#777777 face=helvetica,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#777777 face=helvetica,sans-serif>&nbsp;</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -50.1pt; MARGIN: 0in 0in 3pt 50.1pt"><B><FONT style="TEXT-TRANSFORM: none; FONT-SIZE: 10pt" lang=EN-US color=#777777 face=Helvetica,sans-serif>4.</FONT></B><B><FONT style="TEXT-TRANSFORM: none; FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="TEXT-TRANSFORM: none; FONT-SIZE: 10pt" lang=EN-US color=#777777 face=Helvetica,sans-serif>CONSOLIDATED RESULTS<SUP> <FONT><FONT></FONT></FONT></SUP></FONT></B><FONT style="VERTICAL-ALIGN: super"><FONT style="VERTICAL-ALIGN: super"><B><FONT style="TEXT-TRANSFORM: none; FONT-SIZE: 10pt" lang=EN-US color=white face=helvetica,sans-serif>[3]&nbsp;</FONT></B></FONT></FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-INDENT: -0.4in; MARGIN: 6pt 0in 3pt 0.4in"><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=Helvetica,sans-serif>4.1</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=#777777 face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=#777777 face=Helvetica,sans-serif>Results of our operations &#8211; fourth quarter of fiscal 2012</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9.5pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<HR align=left SIZE=1 width="33%">



<DIV id=ftn3><FONT lang=EN-US></FONT>

<P style="MARGIN: 0in 0in 0pt"><FONT style="VERTICAL-ALIGN: super"><FONT style="FONT-SIZE: 7pt" lang=EN-CA face=helvetica,sans-serif>3</FONT></FONT><FONT style="FONT-SIZE: 7pt" lang=EN-CA face=helvetica,sans-serif> </FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face=helvetica,sans-serif>Non-GAAP and other financial measures (see Section 3.6).</FONT></P><FONT lang=EN-US></FONT></DIV>

<a name="_bclFooter20"></a><DIV>

<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif></FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>20</FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif> | </FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>CAE Year-End Financial Results</FONT></FONT><FONT style="FONT-SIZE: 8pt" lang=EN-CA face=Helvetica,sans-serif> &nbsp;</FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>2012</FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 2pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_21"></a><a name="_bclPageBorder21"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader21"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:13.5pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts
  in millions, except per share amounts)<sup> </sup></font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q2-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q1-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue<sup> </sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 506.7&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 453.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 433.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 427.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 465.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Cost of sales<sup> </sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 336.6&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 300.2&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 296.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 288.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 311.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Gross profit<sup>3&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 170.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 152.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 137.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 139.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 154.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=39% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As of % of revenue<sup>
  </sup></font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 33.6&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 33.7&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 31.7&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 32.6&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 33.2&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Research and
  development expenses<sup>3&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.2&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 12.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Selling, general and
  administrative expenses<sup> </sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 71.8&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 62.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 59.8&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 62.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 67.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other (gains) losses
  &#8211; net<sup> </sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (5.6)</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (3.6)</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (2.1)</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (9.9)</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (3.2)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating profit<sup>3&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 88.7&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 77.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 63.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 72.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 77.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=39% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As of % of revenue<sup>
  </sup></font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 17.5&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 17.1&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.7&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.8&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.7&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Finance income<sup> </sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1.5)</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1.6)</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (2.3)</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1.2)</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1.2)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Finance expense<sup> </sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 18.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 17.8&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 17.2&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Finance expense &#8211; net<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.6&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.2&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Earnings before
  income taxes<sup> </sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 72.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 61.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 49.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 57.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 62.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Income tax expense</font><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 18.4&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.2&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 10.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 13.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=39% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As a % of earnings
  before income taxes (tax rate)</font></i><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">26&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">25&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">21&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">24&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">27&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net income</font><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 53.7&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 46.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 38.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 43.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 46.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Attributable to:</font><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Equity holders of the
  Company </font><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 53.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 45.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 38.4&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 43.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 45.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Non-controlling
  interests</font><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.5&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.4&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 53.7&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 46.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 38.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 43.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 46.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=4 valign=bottom width=55% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Earnings per share
  (EPS) attributable to equity holders </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">of the Company<sup> </sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Basic</font><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.21&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.18&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.15&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.17&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.18&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=41% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Diluted</font><sup><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.21&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.18&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.15&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.17&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.18&nbsp;</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter21"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">21</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_22"></a><a name="_bclPageBorder22"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader22"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Revenue was 12% higher than last
quarter and 9% higher compared to the fourth quarter of fiscal 2011</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Revenue was $53.6&nbsp;million higher than last quarter
mainly because:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">SP/M&#8217;s revenue increased by $43.2 million, or 28%, mainly due to
higher revenue recorded for a C-130 simulator that was partially manufactured
and for which we signed a contract during the quarter and programs executed in
North America and Europe;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">TS/C&#8217;s revenue increased by $9.3 million, or 8%, mainly due to
higher revenue generated in North and South America and in Europe. The increase
was partially offset by the translation of a stronger Canadian dollar against
the U.S. dollar and the Euro and a lower contribution from ab initio training
in Europe;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">SP/C&#8217;s revenue increased by $2.4 million or 3%, mainly due to
higher production levels resulting from an increase in order intake, partially
offset by lower revenue recorded in the quarter for sales of simulators partially
manufactured;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">TS/M&#8217;s revenue increased by $1.6 million, or 2%, mainly due to a
higher level of activity on our training programs and higher revenue on the
U.S. KC-135 ATS program and Australian programs. The increase was</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:9.5pt;"> partially offset by a lower level of activity on European programs
and an unfavourable foreign exchange impact on the translation of European
operations; </font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">NCM&#8217;s revenue decreased by $2.9 million or 11%, mainly due to lower
revenue from CAE Healthcare.</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Revenue was $</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">41.1</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;million higher than the same period
last year largely because:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">SP/M&#8217;s revenue increased by $16.3 million, or 9%, mainly due to
higher revenue recorded for a C-130 simulator that was partially manufactured
and for which we signed a contract during the quarter, programs executed in
North America, and the integration of RTI International&#8217;s TAL business unit,
acquired in February 2011. The increase was partially offset by less activity
on Australian helicopter programs, programs executed in Europe and the
completion of a NMSC contract in Brunei earlier in the fiscal year;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">NCM&#8217;s revenue increased by $13.1 million or 118%, mainly due to
higher revenue from CAE Healthcare, resulting primarily from the integration of
METI, acquired in August 2011, in addition to more revenue from CAE Mining; </font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">TS/C&#8217;s revenue increased by $11.3 million, or 9%, due to higher
revenue generated in all regions as well as the integration into our results of
CHC Helicopter&#8217;s HFTO, acquired in February 2011. The increase was partially
offset by a lower contribution from ab initio training in Europe;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">SP/C&#8217;s revenue increased by $6.9 million, or 9%, mainly due to
higher production levels resulting from an increase in order intake, partially
offset by lower revenue recorded in the quarter for sales of simulators
partially manufactured;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">TS/M&#8217;s revenue decreased by $6.5 million, or 8%, mainly due to a lower
level of activity in our Professional Services business in the U.S. and lower
revenue from a European in-service support contract completed earlier in the
fiscal year. The decrease was partially offset by higher revenue on Australian
programs, new U.S. and European executed contracts and a higher level of activity
on our training programs.</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">You will find more details in </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Results
by segment</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;page-break-after:avoid;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Operating profit
was $11.2&nbsp;million higher than last quarter and $10.9&nbsp;million higher
compared to the fourth quarter of fiscal 2011</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Operating profit for this quarter was
$88.7 million, or 17.5% of revenue compared to $77.5 million or 17.1% of
revenue last quarter and $77.8 million or 16.7% of revenue in the fourth
quarter of fiscal 2011. Excluding the reversal of the restructuring charge
booked in the fourth quarter of fiscal 2011, operating profit was $76.8
million, or 16.5% of revenue for that quarter.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&#160;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Operating profit increased by 14%
compared to last quarter. Increases in segment operating income<sup>4</sup>
were $7.7&nbsp;million, $1.5 million, $1.0 million, $0.8 million and $0.2
million from SP/M, TS/C, TS/M, SP/C and NCM respectively.<sup><font style=""><font style=""></font></font></sup></font><font style="vertical-align:super;"><font style="vertical-align:super;"><font color=white face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">[4]&nbsp;</font></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Operating profit increased 14% compared
to the fourth quarter of fiscal 2011. Increases in segment operating income of
$5.0 million, $4.6 million $2.7 million and $0.6 million for TS/C, SP/C, NCM
and SP/M respectively were partially offset by a decrease in segment operating
income of $1.0 million for TS/M.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">You will find more details in </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Results
by segment</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Net finance expense was $0.4
million higher than last quarter and $1.4&nbsp;million higher compared to the
fourth quarter of fiscal 2011</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The net finance expense was higher than
last quarter, mainly because of higher factoring financing costs. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase in net finance expense over
the fourth quarter of fiscal 2011 was mainly due to an increase in interest
expense resulting from the new private placement of senior notes issued,
partially offset by lower interest expense on finance lease obligations, an
increase in capitalized interest for assets under construction and an increase
in interest income on long-term receivables. </font></p>





<hr align=left size=1 width="33%">
<div id=ftn4><font lang=EN-US>

</font><p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font style="vertical-align:super;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;">4</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;">
Non-GAAP and other financial measures (see Section 3.6).</font></p><font lang=EN-US>

</font></div>

<a name="_bclFooter22"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">22</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_23"></a><a name="_bclPageBorder23"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader23"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Effective
income tax rate was 26% this quarter</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Income taxes this quarter were $18.4
million, representing an effective tax rate of 26%, compared to 25% last
quarter and 27% for the fourth quarter of fiscal 2011. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The effective tax rate increased over the
last quarter mainly due to a settlement of a tax audit in Canada in the
previous quarter and a change in the mix of income from various jurisdictions. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The decrease in the effective tax rate
from the fourth quarter of fiscal 2011 was mainly attributable to a change in
the mix of income from various jurisdictions.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:6.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:6.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:6.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:6.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;">4.1</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:10.5pt;">4.2</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">Results of our operations &#8211; fiscal 2012</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:13.5pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(amounts in millions,
  except per share amounts)</font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,821.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,630.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Cost of sales</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,221.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,082.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Gross profit</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 600.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 548.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=66% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As of % of revenue</font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 33.0&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 33.7&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Research and development
  expenses</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 62.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 44.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Selling, general and
  administrative expenses</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 256.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 239.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other gains &#8211; net</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (21.2)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (18.2)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating profit</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 302.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 282.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=66% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As of % of revenue</font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.6&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 17.3&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Finance income</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (6.6)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (4.4)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Finance expense</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 69.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 64.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Finance expense &#8211; net</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 62.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 60.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Earnings before
  income taxes</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 239.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 222.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Income tax expense</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 57.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 61.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=66% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As a % of earnings
  before income taxes (tax rate)</font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">24&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">28&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net income</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 182.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 160.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Attributable to:</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Equity holders of the
  Company </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 180.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 160.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Non-controlling
  interests</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 182.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 160.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=4 valign=bottom width=83% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Earnings per share
  (EPS) attributable to equity holders </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">of the Company</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Basic</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.70&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.62&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=68% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Diluted</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.70&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.62&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Revenue was 12% or $190.4 million
higher than last year</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Revenue was higher than last year mainly because:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">SP/C&#8217;s revenue increased by $69.6 million, or 26%, mainly due to
higher production levels resulting from an increase in order intake, partially
offset by less favourable hedging rates;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">NCM&#8217;s revenue increased by $45.0 million, or 118%, mainly due to
higher revenue from CAE Healthcare, resulting primarily from the integration of
METI and higher service and software sale revenue from CAE Mining;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">TS/C&#8217;s revenue increased by $44.4 million, or 10%, due to higher
revenue generated in all regions as well as the integration into our results of
CHC Helicopter&#8217;s HFTO. The increase was partially offset by the negative effect
from a lower contribution from ab initio training in Europe and a stronger
Canadian dollar against the U.S. dollar;</font></p>


<a name="_bclFooter23"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">23</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_24"></a><a name="_bclPageBorder24"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader24"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">SP/M&#8217;s revenue increased by $33.2 million, or 6%, mainly due to
the integration of RTI International&#8217;s TAL business unit, higher revenue recorded
for a C-130 simulator that was partially manufactured and for which we signed a
contract and programs executed in North America. The increase was partially
offset by lower volume on Australian helicopter programs, the completion of a
Canadian helicopter program in fiscal 2011 and lower revenue on programs
executed in Europe;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">TS/M&#8217;s revenue decreased by $1.8 million, due to a lower level of
activity in our Professional Services business in the U.S. and lower revenue
from the completion of a European in-service support contract, which was offset
by higher in-service support on a Canadian program and a higher level of
activity on U.S. ATS programs, training and services in Australia and Europe.</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">You will find more details in </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Results by segment.</font></i></p>





<a name="_bclFooter24"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">24</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_25"></a><a name="_bclPageBorder25"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader25"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Gross profit
was $51.3 million higher than last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The gross profit was $600.1&nbsp;million this year, or 33.0%
of revenue compared to $548.8&nbsp;million or 33.7% of revenue last year. As a
percentage of revenue, gross profit was stable when compared to last year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Operating profit was
$19.5&nbsp;million higher than last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Operating profit this year was $302.1 million, or 16.6% of
revenue, compared to $282.6 million, or 17.3% of revenue last year. Excluding
charges of $8.4 million related to the acquisition and integration of METI,
which was acquired during the year, operating profit would have been $310.5
million, or 17.0% of revenue this year. Excluding the reversal of the
restructuring charge booked in the fourth quarter of fiscal 2011, operating
profit was $281.6 million, or 17.3% of revenue last year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Operating profit increased by 7% compared to last year.
Increases in segment operating income of $22.3 million for TS/C and <br>
$16.8 million for SP/C were partially offset by decreases of $9.4 million, $5.4
million and $3.8 million for TS/M, NCM and SP/M respectively. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">You will find more details in </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Results by segment.</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Net finance expense was $2.6&nbsp;million
higher than last year</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=arial,sans-serif lang=EN-CA style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=82% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=arial,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2011
  to</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=84% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=84% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Finance expense,
  prior period</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 64.4&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=82% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in finance
  expense on long-term debt (other than finance leases)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 5.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=82% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Decrease in finance
  expense on finance leases</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1.4)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=82% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in finance
  expense on royalty obligations</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=82% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Decrease in finance
  expense on amortization of deferred financing costs</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (0.2)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=82% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in finance
  expense on accretion of provisions</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=82% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in other
  finance expense</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.7&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=82% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in borrowing
  costs capitalized</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1.8)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=84% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in finance
  expense from the prior period</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 4.8&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=84% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Finance income, prior
  period</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (4.4)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=82% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in interest
  income on loans and receivables</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1.4)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=82% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in other
  interest income</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (0.8)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=84% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in finance
  income from the prior period</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (2.2)</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=84% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net finance expense,
  current period</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 62.6&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Net finance expense was $62.6 million
this year, $2.6 million or 4% higher than last year. The increase was mainly
due to higher interest expense resulting from the new private placement of senior notes
issued, partially offset by lower interest expense on finance lease
obligations, an increase in capitalized interest for assets under construction
and an increase in interest income on long-term receivables. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Effective income tax rate is 24%</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">This fiscal year, income taxes were $57.5&nbsp;million,
representing an effective tax rate of 24%, compared to 28% for the same period
last year. The decrease in the effective tax rate compared to fiscal 2011 was
principally due to lower Canadian and foreign statutory rates, combined with
the mix of income from various jurisdictions, the recognition of previously
unrecognized deferred tax assets as well as the settlement of a tax audit in
Canada. In addition, the effective tax rate was favourably impacted by deferred
tax assets recognized on inter-company transactions.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:6.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:6.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:6.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:6.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;">4.1</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:6.0pt;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;">4.2</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">4.3</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">Consolidated orders and backlog</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our
consolidated backlog was $3,724.2&nbsp;million at the end of fiscal 2012, which
is 8% higher than last year. New orders of $2,128.3&nbsp;million increased the
backlog this year, while $1,821.2&nbsp;million in revenue was generated from
the backlog.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>


<a name="_bclFooter25"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">25</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_26"></a><a name="_bclPageBorder26"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader26"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog
  up by 8% over last year</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:6.0pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog, beginning of
  period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 3,449.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 3,052.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">+ orders</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2,128.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,854.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">- revenue</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1,821.2)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1,630.8)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">+ / - adjustments </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (31.9)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 172.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog, end of
  period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 3,724.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 3,449.0&nbsp;</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter26"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">26</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_27"></a><a name="_bclPageBorder27"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader27"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">In fiscal 2012, adjustments included $38.0 million related
to the cancelation of an order, termination of programs </font><font color=black face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">and a defence services program adjustment resulting from a delay in the
performance of a delivery obligation by the OEM. The adjustment was partially
offset by the impact of foreign exchange.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">In fiscal 2011, in addition to the negative foreign
exchange impact resulting from the stronger Canadian dollar, adjustments included
an amount of $187.8 million related to the acquisition of CHC Helicopter&#8217;s HFTO,
$56.3 million related to the acquisition of RTI International&#8217;s TAL business
unit,</font><font color=black face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;"> and revised downward revenue expectations of
$21.1 million for contracts acquired in the purchase of DSA, for which work has
been delayed.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The book-to-sales ratio for the quarter was 1.44x. The
ratio for the last 12 months was 1.17x.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">You will find more details in </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Results by segment</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">.&nbsp;</font></p>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:5.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:5.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:5.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:5.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="margin-bottom:5.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">5.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">RESULTS BY SEGMENT</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We manage our
business and report our results in five segments:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Civil segments:</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Training &amp; Services/Civil (TS/C);</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Simulation Products/Civil (SP/C).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Military segments:</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Simulation Products/Military (SP/M);</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Training &amp; Services/Military (TS/M).</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">New Core Markets (NCM) segment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Transactions between operating segments
are mainly simulator transfers from the SP/C segment to the TS/C segment and
are recorded at cost.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The method used for the allocation of
assets jointly used by the operating segments and costs and liabilities jointly
incurred (mostly corporate costs) between operating segments is based on the
level of utilization when determinable and measurable, otherwise the allocation
is based on a proportion of each segment&#8217;s cost of sales.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">KEY PERFORMANCE
  INDICATORS</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  income (loss)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:16.5pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=39% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts
  in millions, except operating margins)</font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q2-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q1-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:16.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Civil segments</font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Training &amp;
  Services/Civil</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 122.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 99.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 30.3&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 28.8&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 27.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 35.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 25.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 24.5&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 22.0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 22.9&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 23.4&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 23.2&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 28.6&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 20.9&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Simulation
  Products/Civil</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 51.6&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 34.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.0&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 13.2&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 9.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 9.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.1&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 12.8&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.8&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.4&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.9&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 11.3&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 12.3&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Military segments</font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Simulation
  Products/Military</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 101.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 105.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 34.6&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 26.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 20.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 18.8&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 34.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.3&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 17.9&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 17.7&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 17.7&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.4&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 13.9&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 19.0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Training &amp;
  Services/Military</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 40.9&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 50.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 11.0&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 10.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 9.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 10.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 12.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.7&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 18.0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.4&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.3&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.2&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.9&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.4&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">New Core Markets</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (13.8)</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (8.4)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1.2)</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1.4)</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (8.6)</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (2.6)</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (3.9)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total segment
  operating income (SOI)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 302.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 281.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 88.7&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 77.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 63.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 72.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 76.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Reversal of
  restructuring provision</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> -&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> -&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> -&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=34% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating profit</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 302.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 282.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 88.7&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 77.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 63.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 72.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 77.8&nbsp;</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter27"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">27</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_28"></a><a name="_bclPageBorder28"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader28"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">1.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">2.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">3.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">4.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">5.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">6.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:12.0pt;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">7.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:0in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">5.1&#160;&#160;&#160; Civil
segments</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">FISCAL 2012 EXPANSIONS AND NEW INITIATIVES</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We introduced the third generation of the market-leading CAE
Tropos<sup>TM</sup>-6000 simulation visual image generator for civil aviation
training, offering an enhanced pilot training experience with new features
leveraging the power of the latest commercial graphics processors; </font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We announced that we will double our global business aviation
network by 2013 from four locations to eight with the addition of training
capabilities in Amsterdam, the Netherlands; Toluca, Mexico; S&#227;o Paulo, Brazil;
Shangai, China and Melbourne, Australia;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We announced the opening or expansion of new facilities in Dubai,
United Arab Emirates , Barcelona, Spain, S&#227;o Paulo, Brazil and Johannesburg,
South Africa; </font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We opened a new location in Toluca, Mexico with Learjet 40/45 and
Bell 412 simulators qualified to Level D-equivalent standards by Mexico's
Direcci&#243;n General de Aeron&#225;utica Civil (DGAC); </font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We signed agreements for new joint ventures to train pilots and
different aviation professionals with AirAsia Berhad in Kuala-Lumpur, Cebu
Pacific Air at Clark Freeport Zone, Philippines, InterGlobe Enterprises
Limited, parent of Indigo Airlines, in Delhi, India. These will address the
partner airline training needs and also serve third party markets; </font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We signed an agreement for a new joint venture with Mitsui &amp;
Co. to establish and operate a training centre in Japan for the new Mitsubishi
Regional Jet (MRJ); </font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We opened or announced the opening of various locations to serve
target markets in regions at Baltic Aviation Academy (BAA), based in Vilnius,
Lithuania, Czech Airlines (CSA) based at the Prague-Ruzyne Airport in the Czech
Republic; Air China in Beijing, China and at the new Virgin America training
centre in San Francisco, U.S.; </font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We introduced the CAE Simfinity<sup>TM</sup> Virtual Ground
School, the first web-based regulated recurrent training program for business
aircraft pilots to receive approval from the FAA, reinforcing our position as a
training innovator; </font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We have begun work on our newly signed five-year Long-Term
Support Agreement (LTSA) with US Airways. This is a new efficiency-oriented
solution which enables aviation training centres to improve schedule
predictability in planning multi-year updates and reduces life-cycle training
costs; </font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We also announced the introduction of the Sikorsky S-76C++
training programs to be offered in Asia; </font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We announced that we will deploy three new simulation-based
training programs for helicopter pilots and maintenance engineers, including
Sikorsky S-92 training in Stavanger, Norway and S&#227;o Paulo, Brazil, and
Eurocopter EC-225 training in S&#227;o Paulo, Brazil.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=35% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">COMBINED FINANCIAL
  RESULTS</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=25% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions,
  except operating margins)</font></i></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Q4-2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Q3-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Q2-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Q1-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Q4-2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 840.9&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 726.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 215.4&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 203.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 211.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 210.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 197.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  income</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 173.8&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 134.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 44.3&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 42.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 42.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 45.2&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 34.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating margins</font></i></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">20.7&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">18.5&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 20.6&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 20.6&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 20.0&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 21.5&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 17.6&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,535.0&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,290.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,535.0&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,469.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,466.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,311.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,290.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=14 valign=bottom width=89% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The combined civil
  book-to-sales ratio was 1.32x for the quarter and 1.29x on a trailing
  12-month basis.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">TRAINING &amp; SERVICES/CIVIL</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:9.5pt;">TS/C obtained contracts this quarter expected to
generate future revenues of $</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">214.3&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:9.5pt;"> million, including:</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">A five-year contract with AirAsia through which we will train
more than 200 additional new AirAsia A320 First Officers in a competency-based
MPL program to be conducted at training locations in Malaysia;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">A seven-year agreement with Vueling Airlines as the anchor
customer for the new CAE Barcelona training centre, training Vueling Airbus
A320 pilots and cabin crew;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">A contract to train a third group of pilot cadets for Vietnam
Airlines at CAE Global Academy Phoenix. This brings the total number of Vietnam
Airlines cadets to 120.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


<a name="_bclFooter28"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">28</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
&nbsp; <A name="page_29"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader29"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif>Management&#8217;s Discussion and Analysis</FONT></FONT></P></DIV>

<DIV align=left>

<TABLE style="WIDTH: 504pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Financial Results</FONT></B><SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif> </FONT></SUP></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 24.75pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="25%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(amounts in millions, except operating margins, RSEU and FFSs deployed)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>FY2012</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>FY2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q4-2012</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q3-2012</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q2-2012</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q1-2012</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q4-2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 24.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Revenue<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>498.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>454.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>132.3&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>123.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>119.1&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>124.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>121.0&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Segment operating income<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>122.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>99.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>30.3&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>28.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>27.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>35.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>25.3&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Operating margins<SUP> </SUP></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>%</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>24.5&nbsp;</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>22.0&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>22.9&nbsp;</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>23.4&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>23.2&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>28.6&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>20.9&nbsp;</FONT></I></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Depreciation and amortization<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>81.3&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>75.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>20.7&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>21.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>20.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>19.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>19.5&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Property, plant and equipment<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>expenditures<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>137.1&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>77.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>37.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>37.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>39.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>23.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>27.5&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Intangible assets and other <SUP></SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>assets expenditures<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>9.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>8.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.8&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.3&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Capital employed<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,173.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,070.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,173.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,150.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,149.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,083.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,070.0&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Backlog<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,183.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>986.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,183.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,102.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,125.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>970.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>986.5&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>RSEU<SUP>5&nbsp;</SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>139&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>131&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>142&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>140&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>139&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>137&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>132&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>FFSs deployed<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>171&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>156&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>171&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>170&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>165&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>160&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>156&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="100%" colSpan=18>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Comparative figures for the fourth quarter and YTD of fiscal 2011 have been restated to exclude NCM.</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Revenue up 8% over last quarter and up 9% over the fourth quarter of fiscal 2011<SUP>
<FONT><FONT></FONT></FONT></SUP></FONT></B>
<FONT style="VERTICAL-ALIGN: super"><FONT style="VERTICAL-ALIGN: super"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=white face=helvetica,sans-serif>[5]&nbsp;</FONT></B></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>The increase over last quarter was mainly attributable to higher revenue generated in North and South America and in Europe. The increase was partially offset by the translation of a stronger Canadian dollar against the U.S. dollar and the Euro and a lower contribution from ab initio training in Europe.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>The increase over the fourth quarter of fiscal 2011 was due to higher revenue generated in all regions as well as the integration into our results of CHC Helicopter&#8217;s HFTO, acquired in February 2011. The increase was partially offset by a lower contribution from ab initio training in Europe.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>Revenue was $498.4 million this year, 10% or $44.4 million higher than last year</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>The increase over last year was attributable to higher revenue generated in all regions as well as the integration into our results of CHC Helicopter&#8217;s HFTO. The increase was partially offset by the negative effect from a lower contribution from ab initio training in Europe and a stronger Canadian dollar against the U.S. dollar.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>Segment operating income up 5% over last quarter and up 20% over the fourth quarter of fiscal 2011</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>Segment operating income was $30.3 million (22.9% of revenue) this quarter, compared to $28.8 million (23.4% of revenue) last quarter and $25.3 million (20.9% of revenue) in the fourth quarter of fiscal 2011.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>Segment operating income increased by $1.5 million, or 5%, from last quarter. The increase was mainly attributable to the higher demand in North and South America and in Europe and to a gain from strategic expansion initiatives. The increase was partially offset by the unfavorable impact resulting from the revaluation of non-cash working capital accounts denominated in foreign currencies, as well as the lower contribution from ab initio training in Europe.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>&nbsp;&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>Segment operating income increased by $5.0 million, or 20%, over the fourth quarter of fiscal 2011. The increase was mainly due to higher demand in North and South America, in the emerging markets and in Europe as well as to a gain from strategic expansion initiatives. The increase was partially offset by the lower contribution from ab initio training in Europe.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>Segment operating income was $122.2&nbsp;million, up 22% or $22.3&nbsp;million over last year</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US color=black face=Helvetica,sans-serif>Segment operating income was $122.2&nbsp;million (24.5% of revenue) this year, compared to $99.9&nbsp;million (22.0% of revenue) last year. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US color=black face=Helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>The increase was mainly attributable to higher demand in North and South America, in the emerging markets and in Europe, the integration into our results of CHC Helicopter&#8217;s HFTO and to gains from strategic expansion initiatives. The increase was partially offset by the lower contribution from ab initio training in Europe.</FONT></P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 9pt 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>Capital expenditures at $37.2 million this quarter and $137.1 million for the year</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif>Maintenance capital expenditures were $3.1 million for the quarter and $27.1 million for the year. Growth capital expenditures were $34.1 million for the quarter and $110.0 million for the year. As the civil aviation market trends and outlook point to prolonged global growth, we continue to selectively invest in our training network to keep pace with the growth of our customers, especially in the emerging markets, in both the commercial and business aviation sectors.</FONT></P>

<HR align=left SIZE=1 width="33%">



<DIV id=ftn5><FONT lang=EN-US></FONT>

<P style="MARGIN: 0in 0in 10pt"><FONT style="VERTICAL-ALIGN: super"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 7pt" lang=EN-US face=helvetica,sans-serif>5</FONT></FONT><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 7pt" lang=EN-US face=helvetica,sans-serif> Non-GAAP and other financial measures (see Section 3.6).</FONT></P><FONT lang=EN-US></FONT></DIV>

<a name="_bclFooter29"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>CAE Year-End Financial Results 2012 | </FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>29</FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif></FONT></FONT><FONT>&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 2pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_30"></a><a name="_bclPageBorder30"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader30"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font color=black face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Capital
employed increased by $22.2 million over last quarter and by $103.0 million
over last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Capital employed increased over
the last quarter mainly due to investments in our training network. The
increase was partially offset by a decrease in non-cash working capital.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Capital employed increased over
the prior year mainly due to investments in our training network and the impact
of movements in foreign exchange rates.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog
  was at $1,183.4 million at the end of the year</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=27% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog, beginning of
  period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 986.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 728.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">+ orders</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 686.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 546.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">- revenue</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (498.4)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (454.0)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">+ / - adjustments
  (mainly F/X)</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 8.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 164.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog, end of
  period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,183.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 986.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=6 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Adjustments in fiscal
  2012 are mainly due to favorable foreign exchange fluctuation.  Adjustments
  in fiscal 2011 related mainly to the acquisition of CHC Helicopter&#8217;s HFTO.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=6 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">This quarter's
  book-to-sales ratio was 1.62x. The ratio for the last 12 months was 1.38x.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">SIMULATION PRODUCTS/CIVIL</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:9.5pt;">SP/C was awarded contracts for the following </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">7&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:9.5pt;"> FFSs
this quarter:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=X-NONE style="font-size:8.5pt;line-height:normal;">-</font><font face="times new roman" lang=X-NONE style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:normal;">One ATR72-500 FFS to Air Alg&#233;rie</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=X-NONE style="font-size:8.5pt;line-height:normal;">-</font><font face="times new roman" lang=X-NONE style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:normal;">One Boeing 737NG to Emirates-CAE Flight Training</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=X-NONE style="font-size:8.5pt;line-height:normal;">-</font><font face="times new roman" lang=X-NONE style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:normal;">Two Airbus A320 FFSs for the new </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">CAE Simulation Training
Private Limited, an Interglobe-CAE </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:normal;">joint venture</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">;&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">One Embraer ERJ-190 FFS to Zhuhai Flight Training Centre, a joint
venture of China Southern Airlines and CAE;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=X-NONE style="font-size:8.5pt;line-height:normal;">-</font><font face="times new roman" lang=X-NONE style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:normal;">Two FFSs to undisclosed customers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:9.5pt;">This brings SP/C&#8217;s order intake for the year to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">37&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:9.5pt;">
FFSs.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Financial Results</font></b><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:24.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=25% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions,
  except operating margins)</font></i></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q2-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q1-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 342.5&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 272.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 83.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 80.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 92.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 86.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 76.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  income<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 51.6&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 34.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.0&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 13.2&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 9.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 9.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating margins<sup>
  </sup></font></i></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.1&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 12.8&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.8&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 16.4&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.9&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 11.3&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 12.3&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Depreciation and
  amortization<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 7.4&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 6.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.8&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.8&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Property, plant and
  equipment<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">expenditures<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 5.8&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 6.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.3&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Intangible assets and
  other <sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">assets expenditures<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 19.3&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 5.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 4.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 5.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 3.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 4.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Capital employed<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 39.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 58.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 39.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 65.4&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 62.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 83.4&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 58.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 351.6&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 303.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 351.6&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 366.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 340.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 341.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 303.8&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Revenue up 3% over
last quarter and up 9% over the fourth quarter of fiscal 2011</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase from last quarter and the
fourth quarter of fiscal 2011 was mainly due to higher production levels
resulting from an increase in order intake, partially offset by lower revenue
recorded in the quarter for sales of simulators partially manufactured. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Revenue was
$342.5&nbsp;million for the year, 26% or $69.6&nbsp;million higher than last
year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;">The increase in revenue was primarily due to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">higher production levels resulting from an increase in
order intake,</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;"> partially offset by less favourable hedging rates.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Segment operating
income up 6% over last quarter and up 49% over the fourth quarter of fiscal
2011</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Segment operating income was $14.0
million (16.8% of revenue) this quarter, compared to $13.2 million (16.4% of
revenue) last quarter and $9.4 million (12.3% of revenue) in the fourth quarter
of fiscal 2011.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The
increase over last quarter was mainly due to higher revenue, as mentioned
above, while operating margins remained stable.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&#160;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase from the fourth quarter of fiscal
2011 was primarily due to an improvement in project margins and an increase in
volume, partially offset by higher research and development expenses. </font></p>





<a name="_bclFooter30"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">30</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_31"></a><a name="_bclPageBorder31"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader31"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Segment operating
income was $51.6&nbsp;million for the year, 48% or $16.8&nbsp;million higher
than last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;">Segment operating income was $</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;">51.6&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;"> million (</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;">15.1</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;">% of revenue) this year, compared to $</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;">34.8&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;"> million (</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;">12.8</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;">% of revenue) last year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;">The </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;">increase&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;"> was primarily due to
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">an improvement in project margins and an
increase in volume, partially offset by</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;"> a</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;"> less</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;"> favourable foreign exchange impact</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Capital employed
decreased by $26.3 million from last quarter and decreased by $19.6 million
from last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;">Capital employed was lower than last quarter mainly due to a </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;">decrease in contracts in progress
assets and an increase in accounts payable and accrued liabilities, partially
offset by an increase in accounts receivable.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;">&#160;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;letter-spacing:-.15pt;">Capital employed was lower than last year mainly due to a</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;">n increase in contracts in
progress liabilities and higher accounts payable and accrued liabilities,
partially offset by an increase in accounts receivable.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">Backlog up 16% compared to last year</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;letter-spacing:-.15pt;">(amounts
  in millions)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=27% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">Backlog,
  beginning of period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> 303.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> 252.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">+
  orders</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> 398.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> 330.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">-
  revenue</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> (342.5)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> (272.9)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">+
  / - adjustments</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> (8.4)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> (6.2)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">Backlog,
  end of period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> 351.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> 303.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">Adjustments
  in fiscal 2012 consist primarily of the cancellation of an order.</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=6 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;">This
  quarter's book-to-sales ratio was 0.84x. The ratio for the last 12 months was
  1.16x.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;letter-spacing:-.15pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">4.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">5.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">5.1</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">5.2</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Military segments</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">FISCAL 2012 EXPANSIONS AND NEW INITIATIVES</font></b></p>

<p style="margin-bottom:10.5pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=black face=symbol lang=EN-US style="font-size:8.5pt;">-</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We entered into a teaming agreement with Force Protection
Industries to compete for the Canadian Forces Tactical Armoured Patrol Vehicle
(TAPV) project. Force Protection has been selected by the Canadian Government
as one of the competitor companies qualified to provide up to 600 wheeled
combat vehicles and related long-term support services.&nbsp;</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">As the main Canadian partner, CAE would have overall
responsibility for the comprehensive in-service support (ISS) solution;</font></p>

<p style="margin-bottom:10.5pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=black face=symbol lang=EN-US style="font-size:8.5pt;">-</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">We announced that the German Armed Forces and German Federal
Office of Civil Protection and Disaster Assistance (BBK) have started using the
CAE GESI constructive simulation system, known in Germany under the name SIRA,
jointly for civil&#8209;military emergency management training and as part of
emergency management simulation exercises;</font></p>

<p style="margin-bottom:10.5pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=black face=symbol lang=EN-US style="font-size:8.5pt;">-</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">We announced that the simulator cockpit for the civil/conventional
variant of the Dhruv helicopter was certified to Level D, the highest
qualification for flight simulators, by India&#8217;s Directorate General Civil
Aviation (DGCA) and entered service at the HATSOFF training centre in
Bengaluru, India;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=black face=symbol lang=EN-US style="font-size:8.5pt;">-</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">We entered into an exclusive teaming agreement with General
Atomics Aeronautical Systems, Inc. (GA-ASI), a leading manufacturer of Unmanned
Aircraft Systems (UAS), tactical reconnaissance radars and surveillance
systems, to offer the Miskam UAS for Canada&#8217;s Joint UAV Surveillance and Target
Acquisition System (JUSTAS) program;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=black face=symbol lang=EN-US style="font-size:8.5pt;">-</font><font color=black face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We, in partnership</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font><font color=black face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">with Hawker Beechcraft, continue to
support the marketing efforts of the AT-6 Light Attack and Armed Reconnaissance
aircraft by demonstrating the CAE-built AT-6 unit training device at various industry
shows, including the Paris Air Show, Air Force Association (AFA) conference and
exhibition, and Air Education and Training Command (AETC) annual symposium;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We, in conjunction with Aeronautics, a leading manufacturer and
supplier of unmanned system, signed a strategic teaming agreement making CAE
the preferred simulation and mission training solution provider for Aeronautics
unmanned aerial <br>
systems (UAS);</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We upgraded the Royal Australian Air Force&#8217;s (RAAF) C-130J
Hercules full-flight and mission simulator (FFMS) to provide additional
tactical training capabilities. The simulator was upgraded with a new radar warning
receiver (RWR) simulation which will be used to provide RAAF C-130J aircrews
with early warning and threat detection alerts during training;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We completed a </font><font color=black face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">major upgrade to one of
the CH-47 Chinook dynamic mission simulators located at our Medium Support
Helicopter Aircrew Training Facility (MSHATF) in the U.K., and the Royal Air
Force (RAF) is now training its Chinook aircrews to the new RAF CH-47 Mk4
standard. The simulator upgrade was done in parallel with the upgrades currently
being performed on the RAF&#8217;s CH-47 Chinook fleet as part of the JULIUS program;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We inaugurated, through our Rotorsim s.r.l. joint venture with
AgustaWestland, the launch of the Joint NH90 Training Program (JNTP) for the
Netherlands Ministry of Defence;</font></p>


<a name="_bclFooter31"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">31</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
&nbsp; <A name="page_32"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader32"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif>Management&#8217;s Discussion and Analysis</FONT></FONT></P></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>We inaugurated, through our HATSOFF joint venture with HAL, the launch of training for the Eurocopter AS365 N3 Dauphin helicopter in India. A CAE-built AS365&nbsp;Dauphin simulator cockpit was certified to Level D, the highest qualification for flight simulators, by India&#8217;s Directorate General Civil Aviation (DGCA) as well as the European Aviation Safety Agency (EASA);</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>We signed a shareholder&#8217;s agreement with the Government of Brunei to form a venture company, where will own 60 percent and the Government of Brunei will own 40 percent, to develop and operate the CAE Brunei Multi-Purpose Training Centre;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA color=black face=symbol>-</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-CA color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA color=black face=helvetica,sans-serif>We initiated KC-135 boom operator training for the United States Air Force at McConnell Air Force Base (AFB) in Kansas on a new Boom Operator Weapon Systems Trainer (BOWST) for the KC-135 aerial refuelling aircraft;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA color=black face=symbol>-</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-CA color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA color=black face=helvetica,sans-serif>Rossell India Limited received approval from India&#8217;s Foreign Investment Promotion Board to form a joint venture with CAE of which we will own 26 percent of the joint venture, making the company eligible for defence offset programs in India;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA color=black face=symbol>-</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-CA color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA color=black face=helvetica,sans-serif>We commenced KC-135 aircrew training for the United States Air Force at Hickam AFB in Hawaii after relocating a KC-135 operational flight trainer from Grand Forks AFB in North Dakota;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA color=black face=symbol>-</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-CA color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-CA color=black face=helvetica,sans-serif>We teamed with Aeronautics to conduct the first series of demonstration flights of the Miskam unmanned aerial system (UAS) at the UAS Centre of Excellence located at Alma airport in Quebec, Canada. The research and development program is aimed at demonstrating the use of UASs for civil applications.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=helvetica,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 504pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.25pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="35%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>COMBINED FINANCIAL RESULTS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="25%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(amounts in millions, except operating margins)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>FY2012</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>FY2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>Q4-2012</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>Q3-2012</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>Q2-2012</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>Q1-2012</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>Q4-2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Revenue</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>897.3&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>865.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>267.1&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>222.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>201.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>206.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>257.3&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Segment operating income</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>142.1&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>155.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>45.6&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>36.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>30.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>29.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>46.0&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Operating margins</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>%</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>15.8&nbsp;</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>17.9&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>17.1&nbsp;</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>16.6&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>15.0&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>14.2&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>17.9&nbsp;</FONT></I></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Backlog</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,189.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,158.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,189.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,045.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,182.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,151.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,158.7&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 9.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 9.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 9.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="89%" colSpan=14>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>The combined military book-to-sales ratio was 1.57x for the quarter and 1.07x on a trailing 12-month basis.</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>The combined military unfunded backlog<SUP>6</SUP> was $257.4<SUP> </SUP>million at March 31, 2012.<SUP>
<FONT><FONT></FONT></FONT></SUP></FONT>
<FONT style="VERTICAL-ALIGN: super"><FONT style="VERTICAL-ALIGN: super"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8.5pt" lang=EN-US color=white face=helvetica,sans-serif>[6]&nbsp;</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>SIMULATION PRODUCTS/MILITARY</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>SP/M was awarded $179.7 million in orders this quarter, including:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.5pt; MARGIN: 0in 0in 0pt 11.5pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>An order from Lockheed Martin for four C-130J weapon systems trainers and related C-130J training devices for the U.S. Air Force Air Combat Command, Air Mobility Command and Special Operations Command;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.5pt; MARGIN: 0in 0in 0pt 11.5pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>An order from an undisclosed customer in the Middle East for one C-130 FMS; </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.5pt; MARGIN: 0in 0in 0pt 11.5pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>A contract from EADS North America to design and manufacture a UH-72A Lakota cockpit procedures trainer for the United States Army;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.5pt; MARGIN: 0in 0in 0pt 11.5pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>An additional contract modification from the USAF to perform upgrades on KC-135 operational flight trainers;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -11.5pt; MARGIN: 0in 0in 0pt 11.4pt"><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=symbol>-</FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: 9.5pt; FONT-SIZE: 8.5pt" lang=EN-US face=Helvetica,sans-serif>A contract from the United States Army to perform upgrades to the High Mobility Artillery Rocket System (HIMARS) maintenance training system.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 504pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Financial Results</FONT></B><SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif> </FONT></SUP></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 24.75pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="25%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(amounts in millions, except operating margins)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>FY2012</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>FY2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q4-2012</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q3-2012</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q2-2012</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q1-2012</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 24.75pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q4-2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 24.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Revenue<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>619.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>586.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>195.6&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>152.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>136.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>135.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>179.3&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Segment operating income<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>101.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>105.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>34.6&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>26.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>20.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>18.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>34.0&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Operating margins<SUP> </SUP></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>%</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>16.3&nbsp;</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>17.9&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>17.7&nbsp;</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>17.7&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>15.4&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>13.9&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>19.0&nbsp;</FONT></I></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Depreciation and amortization<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>12.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>11.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3.3&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3.1&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.9&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Property, plant and equipment<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>expenditures<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>10.8&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>10.1&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3.2&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Intangible assets and other <SUP></SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>assets expenditures<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>19.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>12.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>5.8&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>5.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>4.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3.8&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Capital employed<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>270.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>197.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>270.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>266.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>262.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>282.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>197.9&nbsp;</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Backlog<SUP> </SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>786.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>888.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>786.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>812.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>907.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>897.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>888.7&nbsp;</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: justify; MARGIN: 0in 0in 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>Revenue up 28% over last quarter and up 9% over the fourth quarter of fiscal 2011</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>The increase over last quarter was mainly due to higher revenue recorded for a C-130 simulator that was partially manufactured and for which we signed a contract during the quarter and programs executed in North America and Europe.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US face=helvetica,sans-serif>The increase over the fourth quarter of fiscal 2011 was mainly due to higher revenue recorded for a C-130 simulator that was partially manufactured and for which we signed a contract during the quarter, programs executed in North America, and the integration of RTI </FONT>

<font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">International&#8217;s TAL business unit, acquired in February 2011.
The increase was partially offset by less activity on Australian helicopter
programs, programs executed in Europe and the completion of a NMSC contract in
Brunei earlier in the fiscal year.</font></P>

<HR align=left SIZE=1 width="33%">



<DIV id=ftn6><FONT lang=EN-US></FONT>

<P style="MARGIN: 0in 0in 10pt"><FONT style="VERTICAL-ALIGN: super"><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 7pt" lang=EN-US face=helvetica,sans-serif>6</FONT></FONT><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 7pt" lang=EN-US face=helvetica,sans-serif> Non-GAAP and other financial measures (see Section 3.6). </FONT></P><FONT lang=EN-US></FONT></DIV>

<a name="_bclFooter32"></a><DIV>

<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif></FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>32</FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif> | </FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>CAE Year-End Financial Results</FONT></FONT><FONT style="FONT-SIZE: 8pt" lang=EN-CA face=Helvetica,sans-serif> &nbsp;</FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>2012</FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 2pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_33"></a><a name="_bclPageBorder33"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader33"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>


<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Revenue was
$619.2&nbsp;million this year, 6% or $33.2&nbsp;million higher than last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The increase in revenue over last year was mainly due to
the integration of RTI International&#8217;s TAL business unit, higher revenue recorded
for a C-130 simulator that was partially manufactured and for which we signed a
contract and programs executed in North America. The increase was partially
offset by lower volume on Australian helicopter programs, the completion of a
Canadian helicopter program in fiscal 2011 and lower revenue on programs
executed in Europe. </font></p>





<a name="_bclFooter33"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">33</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_34"></a><a name="_bclPageBorder34"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader34"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Segment operating
income up 29% over last quarter and up 2% over the fourth quarter of fiscal
2011</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Segment operating income was $34.6
million (17.7% of revenue) this quarter, compared to $26.9 million (17.7% of
revenue) last quarter and $34.0 million (19.0% of revenue) in the fourth
quarter of fiscal 2011.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase over last quarter was mainly
due to higher revenue, as mentioned above, while operating margins remained
stable. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase over the fourth
quarter of fiscal 2011 was mainly due to higher volume on programs executed in
North America and lower research and development expenses. The increase was
partially offset by lower volume on programs executed in Europe.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Segment operating
income was $101.2&nbsp;million this year, 4% or $3.8&nbsp;million lower than
last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Segment operating income was $101.2 million (16.3% of
revenue) this year, compared to $105.0 million (17.9% of revenue) last year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The decrease was mainly due to lower volume on programs
executed in Europe, the completion of a Canadian helicopter program in fiscal
2011 and higher research and development expenses. The decrease was partially
offset by higher volume on programs executed in North America and the
integration of RTI International&#8217;s TAL business unit.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Capital employed
increased by $3.7 million over last quarter and by $72.5 million over last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The increase over last quarter was mainly due to a higher
investment in intangible and other assets.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&#160;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The increase over last year was mainly due to an increase
in non-cash working capital accounts and higher intangible assets. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog
  down 12% over last year</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=27% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog, beginning of
  period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 888.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 869.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">+ orders</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 528.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 558.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">- revenue</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (619.2)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (586.0)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">+ / - adjustments</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (12.3)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 46.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog, end of
  period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 786.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 888.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=7 valign=bottom width=100% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Adjustments in fiscal
  2012 included amounts related to the termination of programs, partially
  offset by the impact of foreign exchange.</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=6 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">This quarter's book-to-sales
  ratio was 0.92x. The ratio for the last 12 months was 0.85x.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">TRAINING &amp; SERVICES/MILITARY</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">TS/M was awarded $240.0 million in
orders this quarter, including:</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">A contract to provide long-term training services at the CAE
Brunei Multi-Purpose Training Centre on the Sikorsky S-70i Black Hawk, Pilatus
PC-7, and Sikorsky S-92 platforms;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Additional contract modifications from the United States Air
Force to perform upgrades on KC-135 operational flight trainers as part of the
KC-135 Aircrew Training System program; </font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">A contract from prime contractor Lockheed Martin to provide
maintenance and support services as part of the U.S. Air Force <br>
C-130J Maintenance and Aircrew Training System program;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">A contract from the Canadian Department of National Defence to
provide maintenance and support services as part of the Air Force Integrated
Information Learning Environment (AFIILE) program.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Financial Results</font></b><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:24.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=25% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions,
  except operating margins)</font></i></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q2-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q1-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 278.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 279.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 71.5&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 69.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 65.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 71.2&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 78.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  income<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 40.9&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 50.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 11.0&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 10.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 9.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 10.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 12.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating margins<sup>
  </sup></font></i></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.7&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 18.0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.4&nbsp;</font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.3&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.2&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.9&nbsp;</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.4&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Depreciation and
  amortization<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 18.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 14.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 5.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 5.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 4.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 3.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 5.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Property, plant and
  equipment<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">expenditures<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 9.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 13.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.5&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 3.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 3.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Intangible assets and
  other <sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">assets expenditures<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.7&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.1&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.2&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Capital employed<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 181.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 177.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 181.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 199.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 190.7&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 205.2&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 177.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,403.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,270.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,403.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,232.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,274.8&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,253.8&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,270.0&nbsp;</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter34"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">34</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_35"></a><a name="_bclPageBorder35"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader35"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Revenue up 2% over last quarter and down
8% from the
fourth quarter of fiscal 2011</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The increase over
last quarter was mainly due to a higher level of activity on our training
programs and higher revenue on the U.S. KC-135 ATS program and Australian
programs. The increase was partially offset by a lower level of activity on
European programs and an unfavourable foreign exchange impact on the
translation of European operations. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The decrease from the fourth
quarter of fiscal 2011 was mainly due to a lower level of activity in our Professional
Services business in the U.S. and lower revenue from a European in-service
support contract completed earlier in the fiscal year. The decrease was
partially offset by higher revenue on Australian programs, new U.S. and
European executed contracts and a higher level of activity on our training
programs.</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;">&#160;&#160; &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Revenue was $278.1
million this year, stable compared to last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">A lower </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">level of activity in our Professional
Services business in the U.S. and lower revenue from the completion of a
European <br>
in-service support contract</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
was</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> offset by higher in-service support on
a Canadian program and a higher level of activity on U.S. ATS programs,
training and services in Australia and Europe.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Segment operating income
up 10% over last quarter and down 8% from
the fourth quarter of fiscal 2011</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Segment operating
income was $11.0 million (15.4% of revenue) this quarter, compared to $10.0
million (14.3% of revenue) last quarter and $12.0 million (15.4% of revenue) in
the fourth quarter of fiscal 2011.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The increase over
last quarter was mainly due a higher level of training activity and higher
volume on the U.S. KC-135 ATS program and Australian programs. The increase was
partially offset by a lower volume on European programs. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The decrease </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">from </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">the fourth quarter of fiscal 2011 </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">was mainly due to the completion of a European
in-service support contract </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">earlier in the fiscal year and a </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">lower dividend received from a U.K.-based
TS/M investment</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">. The decrease was
partially offset by a higher level of activity on our training programs and by
higher volume and lower operational costs on Australian programs.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Segment operating income was $40.9&nbsp;million this year,
19% or $9.4&nbsp;million lower than last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Segment
operating income was $4</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">0</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">.</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">9&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> million (</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">14.7</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">% of revenue) this
year, compared to $</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">50.3&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> million (</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">18.0</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">% of revenue) last
year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">The </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">de</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">crease
was primarily due to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">the ramp-up of the
KC-135 ATS program, lower margins on some U.S. training programs, </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">the completion of a European in-service
support contract</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, a </font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">lower dividend received from a U.K.-based
TS/M investment</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and a lower level of
activity in our Professional Services business in the U.S. The decrease was partially offset</font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> by lower selling, general and
administrative expenses.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Capital employed decreased by $17.8 from last quarter and
increased by $3.5 million over last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">The decrease
from last quarter was due to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">a decrease in</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> non-cash working capital accounts</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and lower property, plant and equipment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">The increase
over last year was mainly due to an increase in non-cash working capital
accounts</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and higher other assets,
partially offset by lower property, plant and equipment and movement in foreign
exchange rates.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog
  up 10% over last year</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=27% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog, beginning of
  period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,270.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,202.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">+ orders</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 430.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 379.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">- revenue</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (278.1)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (279.9)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">+ / - adjustments </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (19.6)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (32.2)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Backlog, end of
  period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,403.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,270.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=6 width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Adjustments
  in fiscal 2012 included amounts related to the termination of a program and
  an adjustment made for a defence services program resulting from a delay in
  the performance of a delivery by the OEM. The adjustment was partially offset
  by the impact of foreign exchange.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=6 valign=bottom width=99% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">This quarter's
  book-to-sales ratio was 3.36x. The ratio for the last 12 months was 1.55x.</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter35"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">35</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_36"></a><a name="_bclPageBorder36"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader36"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">4.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">5.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">5.1</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">5.2</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">5.3</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">New Core Markets</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">FISCAL 2012 EXPANSIONS AND NEW INITIATIVES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:9.5pt;">CAE Healthcare expansions and new initiatives included
the following:</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">We acquired Medical Education Technologies, Inc.
(METI), a worldwide leader in medical simulation technologies and educational
software, for US$130 million. With this acquisition we gained a comprehensive
line of patient simulators, a centre management system and a library of
learning modules;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">We acquired Haptica&#8217;s surgical simulation
products and augmented reality technology. Haptica&#8217;s ProMIS&#8482; surgical simulator
and minimally invasive spine surgery simulator will be added to the core
offerings of our surgical simulation division; </font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">We announced that the Canadian Critical Care
Society endorsed our ultrasound e-Learning curriculum and seminars;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">Our Centre d&#8217;apprentissage des attitudes et
habilet&#233;s cliniques (CAAHC) simulation centre received accreditation privileges
by The&nbsp;Royal College of Physicians and Surgeons of Canada;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">We hosted our annual simulation user conference
in Tampa, U.S. with over 1000 clinical educators, clinicians and students from
around the world.</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">CAE
Mining expansions and new initiatives included the following:</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">We announced that CAE Mining signed an exclusive
agreement to commercialise CSIRO&#8217;s Sirovision technology, a 3D image capturing
and analysis technology developed for use in mining;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">We have opened an office in Vancouver, British
Columbia, to focus on the western Canadian market;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">We have opened an office in Brisbane, Australia,
to improve our support of eastern Australia.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">ORDERS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:9.5pt;">Major CAE Healthcare sales this quarter included:</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">A sale to Methodist University in Fayetteville,
U.S., of patient simulators, curriculum and centre management systems;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">A sale to University of Arizona in Tucson, U.S.,
of centre management systems;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">A sale to St. Joseph&#8217;s Hospital and Medical
Center in Phoenix, U.S., of centre management systems;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">A sale to Insimed in Bogota, Colombia for
surgical simulators;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">A sale to I-MAN Group in Riyadh, Saudi Arabia
for surgical, imaging and patient simulators;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">A sale to Guy's and St Thomas' Hospital in
London, U.K. for ultrasound simulators;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">A sale to Sir Charles Gairdner Hospital in
Perth, Australia for surgical simulators and centre management systems.</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Major
CAE Mining sales this quarter included:</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">A contract to provide a workforce development
strategy for the University of Saskatchewan;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-AU style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">A sale of geological data management systems to
Vale S.A.&#8217;s Canadian operations;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-AU style="font-size:8.5pt;line-height:9.5pt;">A&nbsp;</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;"> sale of resource modeling and mine
planning systems to Goldcorp Inc. for its Mexican operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Financial Results</font></b><sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></sup></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:24.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=25% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions,
  except operating margins)</font></i></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q2-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q1-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 83.0&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 38.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 24.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 27.1&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 20.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 11.4&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 11.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  loss<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (13.8)</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (8.4)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1.2)</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (1.4)</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (8.6)</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (2.6)</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (3.9)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Depreciation and
  amortization<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 7.0&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.2&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.4&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.8&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Property, plant and
  equipment<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">expenditures<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.8&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 3.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.0&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.0&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.3&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 0.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Intangible assets and
  other <sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">assets expenditures<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 5.7&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 7.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.7&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (2.5)</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=23% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Capital employed<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 179.3&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 40.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 179.3&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 174.5&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 181.9&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 44.6&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 40.4&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Revenue down 11%
from last quarter and up 118% over the fourth quarter of fiscal 2011</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The decrease from last quarter was mainly
due to lower revenue from CAE Healthcare.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase over the fourth quarter of
fiscal 2011 was mainly due to higher revenue from CAE Healthcare, resulting
primarily from the integration of METI, acquired in August 2011, in addition to
more revenue from CAE Mining.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Revenue was $83.0 million this year, 118% or
$45.0&nbsp;million higher than last year</font></b></p>


<a name="_bclFooter36"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">36</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_37"></a><a name="_bclPageBorder37"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader37"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase was
mainly due to higher revenue from CAE Healthcare, resulting primarily from the
integration of METI and higher service and software sale revenue from CAE
Mining.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Segment operating
loss down from last quarter and down from the fourth quarter of fiscal 2011</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Segment operating loss was $1.2 million
this quarter, compared to $1.4 million last quarter and $3.9 million in the
fourth quarter of fiscal 2011. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The decrease in the segment operating
loss from last quarter was mainly due to higher segment operating income in CAE
Healthcare, resulting from an improvement in margins from synergies realized
with the integration of METI and a net benefit of $1.7 million from the
reversal of provisions for contingent consideration of past acquisitions,
partially offset by continued integration charges and higher operational costs
from CAE Mining.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The decrease in segment operating loss
from the fourth quarter of fiscal 2011 was primarily due to higher segment
operating income in CAE Healthcare, resulting from an improvement in margins
from synergies realized with the integration of METI and a net benefit of $1.7
million from the reversal of provisions for contingent consideration
potentially payable for past acquisitions, partially offset by continued
integration charges and higher operational costs from CAE Mining.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Segment operating loss was $13.8&nbsp;million this year,
64% or $5.4&nbsp;million higher than last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Segment
operating loss was $13.8 million this year, compared to $8.4 million last year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase in the segment operating
loss was due to the recognition this year of $8.4 million of charges related to
the acquisition and integration of METI. </font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Capital employed increased by $4.8 million over last
quarter and increased $138.9 million over last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase over</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
last quarter was </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">mainly </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">due to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">an
increase</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> in non-cash working
capital accounts</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and lower long-term
provisions, partially offset by a decrease in intangible assets as a result of
movements in foreign exchange rates.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">The increase
over last year was </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">mainly </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">due to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">higher intangible assets
primarily related to the acquisition of METI.</font></p>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">5.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">6.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">CONSOLIDATED CASH MOVEMENTS AND
LIQUIDITY</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We manage
liquidity and regularly monitor the factors that could affect it, including:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Cash generated from operations, including timing of milestone
payments and management of working capital;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Capital expenditure requirements;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Scheduled repayments of long-term debt obligations, our credit
capacity and expected future debt market conditions.</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:0in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">6.1&#160;&#160;&#160; Consolidated cash movements</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


<a name="_bclFooter37"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">37</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_38"></a><a name="_bclPageBorder38"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader38"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:455.250000pt;">
 <tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts
  in millions)</font></i><sup><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></sup></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2012</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Cash provided by
  operating activities*<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">305.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">305.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">97.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">73.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">97.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Changes in non-cash
  working capital<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(71.7)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(79.0)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">24.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(3.3)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">64.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net cash provided by
  operating activities<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">233.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">226.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">122.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">70.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">162.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Maintenance capital
  expenditures<sup>7&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(48.9)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(37.4)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(8.3)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(18.8)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(10.5)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(12.3)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(25.3)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(4.8)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(8.5)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Proceeds from the
  disposal of property, plant<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
  <td valign=bottom width=4% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=34% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">and equipment<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">34.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Dividends paid<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(33.4)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(37.9)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(8.4)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(8.0)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(10.1)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Free cash flow<sup>
  7&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">173.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">127.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">106.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">46.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">133.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Growth capital
  expenditures<sup> 7&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(116.8)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(73.9)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(36.1)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(25.3)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(25.7)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Capitalized
  development costs<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(42.8)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(22.6)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(12.8)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(11.3)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(6.3)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other cash movements,
  net<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.3)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Business combinations,
  net of cash and cash<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
  <td valign=bottom width=4% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=34% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">equivalents acquired<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(126.0)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(71.3)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(48.0)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Joint ventures, net
  of cash and cash <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
  <td valign=bottom width=4% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=34% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">equivalents acquired<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(27.6)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(1.9)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.8)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Effect of foreign
  exchange rate changes on <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
  <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=34% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">cash and cash
  equivalents<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(4.0)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(4.8)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(2.5)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net (decrease)
  increase in cash before <sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
  <td valign=bottom width=4% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=34% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">proceeds and
  repayment of long-term debt<sup> </sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(134.3)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(46.5)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">60.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">58.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=38% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">* before changes in
  non-cash working capital</font><sup><font color=black face=Calibri,sans-serif style="font-size:8.5pt;">
  </font></sup></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Free cash flow was $106.7&nbsp;million for the
quarter<sup><font style=""></font></font></sup></font></b><font style="vertical-align:super;"><font style="vertical-align:super;"><b><font color=white face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">[7]&nbsp;</font></b></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Free cash flow
was $</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">60.5&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> million higher than last quarter and $</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">26.4&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
million </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">lower&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> than the fourth quarter of fiscal 201</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">1</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">.&nbsp;</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> Similar to prior years, our free cash flow is at its
highest in the last two quarters and at its lowest during the first two
quarters of the fiscal year. This trend is expected to continue in fiscal 2013.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">The increase from
last quarter was mainly due to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">more&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> cash provided by operating activities</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and favourable changes in non-cash working capital</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">The</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> decrease </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">compared to the fourth quarter of fiscal 2011 was mainly due to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">less </font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">favourable
change</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">s&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> in non-cash working capital</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">, partially offset by higher proceeds from the disposal
of property, plant and equipment</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">
and </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">lower other asset</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> expenditures.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Free cash flow was $173.7&nbsp;million this year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">Free cash flow
was </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">37</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">% or $</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">46</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">.</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">5&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> million </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">higher&nbsp;</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> than last year. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;">The</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> increase</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> in free cash flow was mainly due to </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">higher
proceeds from the disposal of property, plant and equipment</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> and </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">lower
other asset</font><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;"> expenditures</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Capital expenditures were $44.4 million this quarter
and $165.7 million for the year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Growth capital expenditures
were $36.1 million this quarter and $116.8 million for the year. We are
continuing to selectively expand our training network to address additional
market share and in response to the training demands of our customers.
Maintenance capital expenditures were $8.3 million this quarter and $48.9
million for the year.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Business combinations, net of cash and cash
equivalents acquired, of $126.0 million for the year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The cash movement resulting
from business combinations, net of cash and cash equivalents acquired was
mainly due to the acquisition of METI during the year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">4.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">5.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">6.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>


<hr align=left size=1 width="33%">
<div id=ftn7><font lang=EN-US>

</font><p style="margin:0in;margin-bottom:.0001pt;"><font style="vertical-align:super;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;">7 </font></font><font face=helvetica,sans-serif lang=EN-US style="font-size:7.0pt;">Non-GAAP and other financial measures
(see Section 3.6).</font></p><font lang=EN-US>

</font></div>

<a name="_bclFooter38"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">38</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_39"></a><a name="_bclPageBorder39"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader39"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">6.1</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">6.2</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">Sources of</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;"> liquidity</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We have committed lines of credit at floating rates, each
provided by a syndicate of lenders. We and some of our subsidiaries can borrow
funds directly from these credit facilities to cover operating and general
corporate expenses and to issue letters of credit and bank guarantees.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The total amount available through these committed bank
lines at March&nbsp;31,&nbsp;2012 was US$450.0&nbsp;million (2011 &#8211; US$450.0
million) with an option, subject to lender&#8217;s consent, to increase to a total
amount of US$650.0 million, of which US$123.7&nbsp;million was used for letters
of credit (2011 &#8211; US$168.8 million). The applicable interest rate on this
revolving term credit facility is at our option, based on the bank&#8217;s prime
rate, bankers&#8217; acceptance rates or LIBOR plus a spread which depends on the
credit rating assigned by Standard &amp; Poor&#8217;s Rating Services. There was EUR
10.0 million drawn under the facilities as at March 31, 2012 (2011 &#8211; nil). Effective
<br>
April 1, 2011, we amended the agreement to extend the maturity date by two
years, from April 2013 to April 2015. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We have an unsecured Export Development Canada (EDC)
Performance Security Guarantee (PSG) account for US$150.0&nbsp;million. This is
an uncommitted revolving facility for performance bonds, advance payment
guarantees or similar instruments. As at March&nbsp;31,&nbsp;2012, the total
outstanding for all these instruments, translated into Canadian dollars, was
$70.1&nbsp;million compared to $63.3&nbsp;million as at
March&nbsp;31,&nbsp;2011.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We have a facility of &#8364;30.0 million with a European bank
for the issuance of bank guarantees and letters of credit, under which
approximately $26.4 million was used principally in support of our European
military operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We are involved in a program in which we sell undivided
interests in certain of our accounts receivable and contracts in progress
assets (current financial assets program) to third parties for cash
consideration for amounts up to $150.0 million without recourse to CAE. As at
March 31, 2012, we sold $81.5 million of accounts receivable (2011 &#8211; $54.4
million) and $54.2 million of contracts in progress (2011 &#8211; $37.4 million).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">In August 2011, we issued senior notes
for US$150.0 million by way of a private placement to fund the METI acquisition
and to replace other existing obligations at lower interest costs. The average
maturity is 11.7 years with an average interest rate of approximately 4.5%,
with interest payable semi-annually in August and February. These unsecured
senior notes have fixed repayment amounts of US$100.0 million in 2021 and
US$50.0 million in 2026. These notes were issued to two institutional
investors.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">In November 2011, we exercised purchase
options in the amount of US$13.2 million for two simulators previously
accounted for as finance leases, resulting in a reduction of obligations under
finance leases.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We believe that our cash and cash equivalents, access to
credit facilities and expected free cash flow will enable the pursued growth of
our business, the payment of dividends and will enable us to meet all other
expected financial requirements in the near term.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:15.0pt;page-break-inside:avoid;">
  <td valign=bottom width=68% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">The following table
  summarizes the long-term debt:</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:15.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=68% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As
  at March 31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As
  at March 31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=68% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=3 valign=bottom width=16% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=16% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total long-term debt</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 821.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 660.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Less:</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=68% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Current portion of
  long-term debt</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 113.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 58.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=68% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Current portion of
  finance leases</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 22.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 27.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=68% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Long-term portion of
  long-term debt</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 685.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 574.0&nbsp;</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter39"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">39</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_40"></a><a name="_bclPageBorder40"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader40"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:.7pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">4.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">5.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">6.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">6.1</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">6.2</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="margin-bottom:6.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">6.3</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">Government cost-sharing</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.1pt;line-height:9.5pt;">We have signed agreements with various governments
whereby the latter share in the cost, based on expenditures incurred by us, of
certain R&amp;D programs for modeling and simulation, visual systems and
advanced flight simulation technology for civil applications and networked
simulation for military applications, as well as for the new markets of
simulation-based training in healthcare and mining.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">During
fiscal 2009, we announced that we will invest up to $714 million in Project
Falcon, an R&amp;D program that will continue over five years. The goal of
Project Falcon is to expand our modeling and simulation technologies, develop
new ones and increase our capabilities beyond training into other areas of the
aerospace and defence market, such as analysis and operations. Concurrently,
the Government of Canada agreed to participate in Project Falcon through a
repayable investment of up to $250 million made through the Strategic Aerospace
and Defence Initiative (SADI), which supports strategic industrial research and
pre-competitive development projects in the aerospace, defence, space and
security industries (refer to Notes 1 and 13 of our consolidated financial
statements).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">During
fiscal 2010, we announced that we will invest up to $274 million in Project New
Core Markets, an R&amp;D program extending over seven years. The aim is to
leverage our modeling, simulation and training services expertise into the new
markets of healthcare and mining. The Qu&#233;bec government agreed to participate
up to $100 million in contributions related to costs incurred before the end of
fiscal 2016.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">You
will find more details in Note 14 of our consolidated financial statements.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">4.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">5.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">6.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">6.1</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">&nbsp;</font></b></font></p>

<font color=#777777 face=helvetica,sans-serif style="display:none;">
&nbsp;</font>


<a name="_bclFooter40"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">40</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_41"></a><a name="_bclPageBorder41"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader41"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:.7pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">1.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">2.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">3.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">4.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">5.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">6.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">6.1</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">6.2</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">6.3</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;line-height:normal;">&nbsp;</font></b></font></p>

<p style="margin-bottom:6.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">6.4</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">Contractual obligations</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:3.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We enter into contractual
obligations and commercial commitments in the normal course of our business.
These include debentures, notes and others. The table below shows when they
mature.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Contractual
  obligations</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:24.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">As at March 31,
  2012                     (amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2013&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2014&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2015&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2016&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Thereafter</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:24.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Long-term debt
  (excluding interest)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">114.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">52.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 32.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 31.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 96.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 354.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 682.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Finance leases
  (excluding interest)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">22.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">22.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 17.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 8.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 7.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 64.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 142.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating leases</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 30.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 24.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 22.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 17.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 32.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 142.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Purchase obligations</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 15.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 11.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 11.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> -&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 38.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=23% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">182.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">110.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">83.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">57.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">120.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">451.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,006.1&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We also had total availability under the committed credit
facilities of US$326.3 million as at March&nbsp;31,&nbsp;2012 compared to
US$281.2&nbsp;million at March&nbsp;31,&nbsp;2011. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We have purchase obligations related to agreements that are
enforceable and legally binding. Most are agreements with subcontractors to
provide services for long-term contracts that we have with our clients. The
terms of the agreements are significant because they set out obligations to buy
goods or services in fixed or minimum amounts, at fixed, minimum or variable
prices and at approximate times.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">As at March&nbsp;31, 2012, we had other long-term
liabilities that are not included in the table above. These include some
accrued pension liabilities, deferred revenue, deferred gains on assets and
various other long-term liabilities. Cash obligations on the accrued employee
pension liability depends on various elements including market returns,
actuarial gains and losses and the interest rate.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We did not include deferred tax liabilities since future
payments of income taxes depend on the amount of taxable earnings and on
whether there are tax loss carry-forwards available.</font></p>









<a name="_bclFooter41"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">41</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_42"></a><a name="_bclPageBorder42"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader42"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">5.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">6.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">7.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">CONSOLIDATED FINANCIAL POSITION<sup><font style=""><font style=""></font></font></sup></font></b><font style="vertical-align:super;"><font style="vertical-align:super;"><b><font color=white face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">[8]&nbsp;</font></b></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">7.1</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">Consolidated capital employed</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:9.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:justify;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As
  at March 31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As
  at March 31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions)</font></i><sup><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></sup></p>
  </td>
 <td colspan=3 valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=23% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Use of capital:<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Current assets</font><sup><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">
  </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,148.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,049.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Less: cash and cash
  equivalents</font><sup><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (287.3)</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (276.4)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Current liabilities</font><sup><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">
  </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (883.4)</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (810.1)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Less: current portion
  of long-term debt<sup> </sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 136.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 86.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Non-cash working
  capital<sup>8&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 113.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 48.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Property, plant and
  equipment<sup> </sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,293.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,211.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other long-term
  assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 741.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 557.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other long-term
  liabilities<sup> </sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (572.5)</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (500.3)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total capital
  employed<sup> </sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,576.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,316.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Source of capital:<sup>
  </sup></font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Current portion of
  long-term debt</font><sup><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 136.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 86.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Long-term debt</font><sup><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">
  </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 685.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 574.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Less: cash and cash
  equivalents</font><sup><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (287.3)</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (276.4)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net debt<sup>8&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 534.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 383.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Equity attributable
  to equity holders of the Company<sup> </sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,021.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 914.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Non-controlling
  interests<sup> </sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 20.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 18.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=56% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Source of capital</font><sup><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">
  </font></b></sup></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,576.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1,316.7&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Capital employed
increased 20% over last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase was mainly the result of
increases in intangible assets as a result of the acquisition of METI,
property, plant and equipment and non-cash working capital, partially offset by
an increase in other long-term liabilities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Our return on capital employed<sup>8</sup>
(ROCE) was 15.0% this year compared to 15.7% for last year. </font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Non-cash working
capital<sup> </sup>increased by $64.5 million </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase was mainly due to a decrease
in contract in progress liabilities in addition to increases in income taxes
recoverable, inventories, contract in progress assets and accounts receivable.
The increase was partially offset by an increase in accounts payable and
accrued liabilities.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Net property,
plant and equipment up $82.7 million </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase mainly resulted from capital
expenditures of $165.7 million and foreign exchange variations of $8.1 million,
partially offset by depreciation of $92.3 million.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Net debt higher
than last year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase was largely caused by the
issuance of US$150.0 million of senior notes in a private placement during the
year and the effect of foreign exchange rate changes on long-term debt.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


<hr align=left size=1 width="33%">
<div id=ftn8><font lang=EN-US>

</font><p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font style="vertical-align:super;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;">8</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;"> </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:7.0pt;">Non-GAAP
and other financial measures (see Section 3.6).</font></p><font lang=EN-US>

</font></div>

<a name="_bclFooter42"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">42</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_43"></a><a name="_bclPageBorder43"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader43"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Change
  in net debt</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;page-break-inside:avoid;">
  <td valign=bottom width=3% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=27% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net debt, beginning
  of period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 383.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 356.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Impact of cash
  movements on net debt</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
  <td valign=bottom width=3% style="background:white;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(see table in the
  consolidated cash movements section)</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 134.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 46.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Effect of foreign
  exchange rate changes on long-term debt</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 7.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (16.6)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 8.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (2.6)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in net debt
  during the period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 150.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 27.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net debt, end of
  period</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 534.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 383.8&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;page-break-after:auto;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Adjusted net debt<sup>9</sup>
higher than last year<sup><font style=""><font style=""></font></font></sup></font></b><font style="vertical-align:super;"><font style="vertical-align:super;"><b><font color=white face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">[9]&nbsp;</font></b></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase was mainly due to a higher
net debt resulting from the issuance of US$150.0 million of senior notes in a
private placement during the year and the effect of foreign exchange rate
changes on long-term debt, in addition to a decrease in long-term obligations
under finance leases mainly as a result of repayments.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:672.000000pt;">
 <tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Adjusted net debt</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:9.0pt;page-break-inside:avoid;">
  <td valign=bottom width=3% style="background:white;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=50% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As
  at March 31</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=27% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As
  at March 31</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:9.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=3 valign=bottom width=19% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=28% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Current portion of
  long-term debt</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 136.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 86.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Long-term debt</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 685.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 574.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Less:  Cash and cash
  equivalents</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (287.3)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (276.4)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Less:  Obligations
  under finance leases</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (142.9)</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> (183.3)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=53% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Adjusted net debt</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 391.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 200.5&nbsp;</font></p>
  </td>
 </tr>
<tr height=0>
  <td width=3%>&nbsp;</td>
 <td width=50%>&nbsp;</td>
 <td width=7%>&nbsp;</td>
 <td width=11%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=17%>&nbsp;</td>
 <td width=10%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Total equity increased by $109.3 million
this year</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">The increase in equity was mainly due to
net earnings of $182.0 million, partially offset by a defined benefit plan
actuarial loss adjustment of $47.5 million and dividends of $33.4 million.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Outstanding share data</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Our articles of incorporation authorize
the issue of an unlimited number of common shares and an unlimited number of
preferred shares issued in series. We had a total of 258,266,295 common shares
issued and outstanding as at March 31, 2012 with total share capital of $454.5
million.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">As
at April 30, 2012, we had a total of 258,395,244 common shares issued and
outstanding.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Dividend policy</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We paid a dividend of $0.04 per share in
each quarter of fiscal 2012. These dividends were eligible under the Income Tax
Act </font><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">(Canada)&nbsp;</font></i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;"> and its provincial equivalents.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Our Board of Directors has the discretion
to set the amount and timing of any dividend. The Board reviews the dividend
policy once a year based on the cash requirements of our operating activities,
liquidity requirements and projected financial position. We expect to declare
dividends of approximately $41.3 million in fiscal 2013 based on our current
dividend policy and the 258 million common shares outstanding as at March 31,
2012.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Guarantees</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We issued letters of credit and
performance guarantees for $127.7 million in the normal course of business this
year which are not recognized in the consolidated statement of financial
position, compared to $153.7 million last fiscal year. The amount was lower
this year due to a decrease in advance payment obligations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Pension obligations</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We maintain defined benefit and defined
contribution pension plans. We expect to contribute approximately $13.2 million
more than the annual required contribution for current services to satisfy a
portion of the underfunded liability of the defined benefit pension plan.
Contributions necessary to fund our pension obligations have been increasing
mainly as a result of modest long-term bond returns, market performance and a
change in the mortality assumptions used.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="times new roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">1.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">2.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">&nbsp;</font></b></font></p>


<hr align=left size=1 width="33%">
<div id=ftn9><font lang=EN-US>

</font><p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font style="vertical-align:super;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;">9</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;">
Non-GAAP and other financial measures (see Section 3.6).</font></p><font lang=EN-US>

</font></div>

<a name="_bclFooter43"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">43</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_44"></a><a name="_bclPageBorder44"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader44"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">3.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">4.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">5.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">6.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">7.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">7.1</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">7.2</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:9.5pt;">Off balance sheet arrangements</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Prior to the adoption of IFRS, certain sale and leaseback
transactions entered into as part of our TS/C operations were classified as
operating leases and were off balance sheet obligations. Since the adoption of
IFRS, most of these sale and leaseback transactions are classified as finance leases
and their obligations are now included in the consolidated statement of
financial position. Note 2 to the consolidated financial statements provides
more details about the adjustments for these arrangements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Most of our current off balance sheet obligations are from
obligations related to operating leases from:</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The operation of a training centre for the MSH project with the
U.K. Ministry of Defence to provide simulation training services. The operating
lease commitments are between the operating company, which has the service
agreement with the U.K. Ministry of Defence, and the asset company, which owns
the assets. These leases are non recourse to us;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Certain buildings that are leased throughout our network of
training and production facilities in the normal course of business.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">You can
find more details about operating lease commitments in Note 27 to the
consolidated financial statements.</font></p>





<a name="_bclFooter44"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">44</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_45"></a><a name="_bclPageBorder45"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader45"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">In the normal course of business,
we are involved in a program in which we sell undivided interests in certain of
our accounts receivable and contracts in progress assets (current financial
assets program) to third parties for cash consideration for amounts up to
$150.0 million without recourse to CAE. We continue to act as a collection
agent. These transactions are accounted for when we have considered to have
surrendered control over the transferred accounts receivable and contracts in
progress assets. Certain contracts in progress assets sold through the program
are not eligible for de-recognition and the cash consideration received for
these assets is classified in the current portion of long-term debt. As at
March 31, 2012, $81.5&nbsp;million (2011 &#8211;&nbsp;$54.4&nbsp;million) and $54.2
million (2011 &#8211; $37.4 million) of specific accounts receivable and contracts in
progress assets respectively were sold to financial institutions pursuant to
these agreements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">5.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">6.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">7.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">7.1</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">7.2</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">7.3</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">Financial instruments</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We are exposed to various financial risks in the normal
course of business. We enter into forward and swap contracts to manage our
exposure to fluctuations in foreign exchange rates, interest rates and changes
in share price which have an effect on our share-based payments costs. We also
continually assess whether the derivatives we use in hedging transactions are
effective in offsetting changes in fair value or cash flows of hedged items. We
enter into these transactions to reduce our exposure to risk and volatility,
and not for speculative reasons. We only deal with highly rated counterparties.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Classification
of financial instruments</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We have made the following classifications for our
financial instruments:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Cash and cash equivalents, restricted cash and all derivative
instruments, except for derivatives designated as effective hedging
instruments, are classified as fair value through profit and loss (FVTPL);</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Accounts receivable, qualifying contracts in progress,
non-current receivables and advances are classified as loans and receivables,
except for those that we intend to sell immediately or in the near term, which
are classified as FVTPL;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Portfolio investments are classified as available-for sale;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Accounts payable and accrued liabilities and long-term debt,
including interest payable, as well as finance leases, are classified as other
financial liabilities, all of which are measured at amortized cost using the
effective interest rate method;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">To date, we have not classified any financial assets as held-to
maturity.</font></p>

<p align=left style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></b></p>

<p align=left style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Fair
value of financial instruments</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The fair value of a financial instrument is the amount at
which the financial instrument could be exchanged in an arm&#8217;s-length
transaction between knowledgeable and willing parties under no compulsion to
act. The fair value of a financial instrument is determined by reference to the
available market information at the reporting date. When no active market
exists for a financial instrument, we determine the fair value of that
instrument based on valuation methodologies as discussed below. In determining
assumptions required under a valuation model, we primarily use external,
readily observable market data inputs. Assumptions or inputs that are not based
on observable market data incorporate our best estimates of market participant
assumptions, and are used when external data is not available. Counterparty
credit risk and the fair values of our own credit risk have been taken into
account in estimating the fair value of all financial assets and financial
liabilities, including derivatives.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We used the following assumptions and valuation
methodologies to estimate the fair value of financial instruments:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The fair value of cash and cash equivalents, restricted cash,
accounts receivable, contracts in progress, accounts payable and accrued
liabilities approximate their carrying values due to their short-term
maturities;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The fair value of finance lease obligations are estimated using
the discounted cash flow method;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The fair value of long-term debt, long-term obligations and
non-current receivables (including advances) are estimated based on discounted
cash flows using current interest rates for instruments with similar terms and
remaining maturities;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The fair value of derivative instruments (including forward
contracts, swap agreements and embedded derivatives with economic
characteristics and risks that are not clearly and closely related to those of
the host contract) are determined using valuation techniques and are calculated
as the present value of the estimated future cash flows using an appropriate
interest rate yield curve and foreign exchange rate, adjusted for CAE&#8217;s and the
counterparty&#8217;s credit risk. Assumptions are based on market conditions
prevailing at each reporting date. Derivative instruments reflect the estimated
amounts that we would receive or pay to settle the contracts at the reporting
date;</font></p>

<p style="margin-bottom:.0001pt;margin-left:11.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.5pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The fair value of available-for-sale investments, if any, which
do not have readily available market value, but for which fair value can be
reliably measured, is estimated using a discounted cash flow model, which
includes some assumptions that are not supportable by observable market prices
or rates.</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">A description of
the fair value hierarchy is discussed in Note 29 of our consolidated financial
statements.</font></p>


<a name="_bclFooter45"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">45</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_46"></a><a name="_bclPageBorder46"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader46"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p align=left style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></b></p>

<p align=left style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Financial
risk management</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Due to the nature of the activities that we carry out and
as a result of holding financial instruments, we are exposed to credit risk,
liquidity risk and market risk, including foreign currency risk and interest
rate risk. Our exposure to credit risk, liquidity risk and market risk is
managed within risk management parameters approved by the board of directors.
These risk management parameters remain unchanged since the previous period,
unless otherwise indicated.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We
use derivative instruments to manage market risk against the volatility in
foreign exchange rates, interest rates and share-based payments in order to
minimize their impact on our results and financial position. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Embedded
derivatives are recorded at fair value separately from the host contract when
their economic characteristics and risks are not clearly and closely related to
those of the host contract. We may enter into freestanding derivative
instruments which are not eligible for hedge accounting, to offset the foreign
exchange exposure of embedded foreign currency derivatives. In such
circumstances, both derivatives are carried at fair value at each statement of
financial position date with the change in fair value recorded in consolidated
net income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:0in;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our policy is not to utilize any derivative financial
instruments for trading or speculative purposes. We may choose to designate
derivative instruments, either freestanding or embedded, as hedging items. This
process consists of matching derivative hedging instruments to specific assets
and liabilities or to specific firm commitments or forecasted transactions. To
some extent, we use non&#8209;derivative financial liabilities to hedge foreign
currency exchange rate risk exposures.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Credit risk</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Credit risk is defined as our exposure to a financial loss
if a debtor fails to meet its obligations in accordance with the terms and
conditions of its arrangements with us. We are exposed to credit risk on our
accounts receivable and certain other assets through our normal commercial
activities. We are also exposed to credit risk through our normal treasury
activities on our cash and cash equivalents and derivative financial assets.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Credit risks arising from our normal commercial activities
are managed in regards to customer credit risk. An allowance for doubtful
accounts is established when there is a reasonable expectation that we will not
be able to collect all amounts due according to the original terms of the
receivables (see Note 5 of the consolidated financial statements). When a trade
receivable is uncollectible, it is written-off against the allowance account
for trade receivables. Subsequent recoveries of amounts previously written-off
are recognized in income.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our customers are primarily established companies with
publicly available credit ratings and government agencies, which facilitates
risk monitoring. In addition, we typically receive substantial non-refundable
advance payments for construction contracts. We closely monitor our exposure to
major airlines in order to mitigate our risk to the extent possible.
Furthermore, our trade accounts receivable are not concentrated with specific
customers but are held from a wide range of commercial and government
organizations. As well, our credit exposure is further reduced by the sale of
certain of our accounts receivable and contracts in progress assets to
third-party financial institutions for cash consideration on a non&#8209;recourse
basis (current financial assets program). We do not hold any collateral as
security. The credit risk on cash and cash equivalents is mitigated by the fact
that they are in place with a diverse group of major Japanese, North American
and European financial institutions.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We are exposed to credit risk in the event of
non-performance by counterparties to our derivative financial instruments. We
use several measures to minimize this exposure. First, we enter into contracts
with counterparties that are of high-credit quality (mainly A&#8209;rated or
better). We signed </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">International Swaps &amp; Derivatives Association, Inc</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">.
</font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">(ISDA)&nbsp;</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;"> Master Agreements with the majority of counterparties with whom
we trade derivative financial instruments. These agreements make it possible to
apply full netting when a contracting party defaults on the agreement, for each
of the transactions covered by the agreement and in force at the time of
default. Also, collateral or other security to support derivative financial
instruments subject to credit risk can be requested by us or our counterparties
(or both parties, if need be) when the net balance of gains and losses on each
transaction exceeds a threshold defined in the ISDA Master Agreement. Finally,
we monitor the credit standing of counterparties on a regular basis to help
minimize credit risk exposure.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The carrying amounts presented in Note 5 and Note 29 of the
consolidated financial statements represent the maximum exposure to credit risk
for each respective financial asset as at the relevant dates.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Liquidity risk</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Liquidity risk is defined as the potential that we cannot
meet our cash obligations as they become due.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We manage this risk by establishing cash forecasts, as well
as long-term operating and strategic plans. The management of consolidated
liquidity requires a regular monitoring of expected cash inflows and outflows
which is achieved through a forecast of our consolidated liquidity position,
for adequacy and efficient use of cash resources. Liquidity adequacy is
assessed in view of seasonal needs, growth requirements and capital
expenditures, and the maturity profile of indebtedness, including off balance
sheet obligations. We manage our liquidity risk to maintain sufficient liquid
financial resources to fund our operations and meet our commitments and
obligations. In managing our liquidity risk, we have access to a revolving
unsecured credit facility of US$450.0&nbsp;million, with an option, subject to
the lender&#8217;s consent, to increase to a total amount of up to US$650.0 million. As
well, we have agreements to sell certain of our accounts receivable and
contracts in progress assets for an amount up to $150.0 million (current
financial assets program). We also regularly monitor any financing
opportunities to optimize our capital structure and maintain appropriate
financial flexibility.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></b></p>


<a name="_bclFooter46"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">46</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_47"></a><a name="_bclPageBorder47"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader47"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Market risk</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Market risk is defined as our exposure to a gain or a loss
in the value of our financial instruments as a result of changes in market
prices, whether those changes are caused by factors specific to the individual
financial instruments or its issuer, or factors affecting all similar financial
instruments traded in the market. We are mainly exposed to foreign currency
risk and interest rate risk.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">Foreign currency risk</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Foreign currency risk is defined as our exposure to a gain
or a loss in the value of our financial instruments as a result of fluctuations
in foreign exchange rates. We are exposed to foreign currency rate variability
primarily in relation to certain sale commitments, expected purchase transactions
and debt denominated in a foreign currency. As well, most of our foreign
operations&#8217; functional currencies are other than the Canadian dollar (in
particular the U.S. dollar [USD], euro [&#8364;] and British pounds [GBP or &#163;]). Our
related exposure to the foreign currency rates is primarily through cash and
cash equivalents and other working capital elements of these foreign
operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We also mitigate foreign currency risks by having our
foreign operations transact in their functional currency for material
procurement, sale contracts and financing activities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We use forward foreign currency contracts and foreign
currency swap agreements to manage our exposure from transactions in foreign
currencies and to synthetically modify the currency of exposure of certain
financial position items. These transactions include forecasted transactions
and firm commitments denominated in foreign currencies.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our foreign currency hedging programs are typically
unaffected by changes in market conditions, as related derivative financial
instruments are generally held-to-maturity, consistent with the objective to
fix currency rates on the hedged item.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Foreign currency sensitivity analysis</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Foreign currency risk arises on financial instruments that
are denominated in a foreign currency. Assuming a reasonably possible
strengthening of 5% in the relevant foreign currencies against the Canadian
dollar for the year ended March 31, 2012, the pre-tax effects on net income
would have been a negative net adjustment of $1.0 million (2011 &#8211; negative net
adjustment of $4.9 million) and a negative net adjustment of $39.4 million
(2011 &#8211; negative net adjustment of $23.0 million) on other comprehensive income
(OCI).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Interest
rate risk</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Interest rate risk is defined as our exposure to a gain or
a loss to the value of our financial instruments as a result of fluctuations in
interest rates. We bear some interest rate fluctuation risk on our floating
rate long-term debt and some fair value risk on our fixed interest long-term
debt. We mainly manage interest rate risk by fixing project-specific floating
rate debt in order to reduce cash flow variability. We also have a floating
rate debt through an unhedged bank borrowing, a specific fair value hedge and
other asset-specific floating rate debt. A mix of fixed and floating interest
rate debt is sought to reduce the net impact of fluctuating interest rates.
Derivative financial instruments used to synthetically convert interest rate
exposures are mainly interest rate swap agreements. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&#160;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We use financial instruments to manage our exposure to
changing interest rates and to adjust our mix of fixed and floating interest
rate debt on long-term debt. The mix was 77% fixed-rate and 23% floating-rate
at the end of this year (2011 &#8211; 74% fixed rate and 26% floating rate).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our interest rate hedging programs are typically unaffected
by changes in market conditions, as related derivative financial instruments
are generally held-to-maturity to establish asset and liability management
matching, consistent with the objective to reduce risks arising from interest
rate movements. As a result, the changes in variable interest rates do not have
a significant impact on net income and OCI.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Interest
rate risk sensitivity analysis</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">In fiscal 2012 and fiscal 2011, a 1% increase/decrease in
the interest rate would not have a significant impact on our net income and
OCI.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Share-based
payments cost</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We have entered into equity swap agreements with a major
Canadian financial institution to reduce our cash and income exposure to fluctuations
in our share price relating to the Deferred Share Unit (DSU) and Long-Term
Incentive Deferred Share Unit (LTI-DSU) programs. Pursuant to the agreement, we
receive the economic benefit of dividends and share price appreciation while
providing payments to the financial institution for the institution&#8217;s cost of
funds and any share price depreciation. The net effect of the equity swaps
partly offset movements in our share price impacting the cost of the DSU and
LTI-DSU programs and is reset monthly. As at March&nbsp;31,&nbsp;2012, the
equity swap agreements covered 2,500,000 of our common shares (2011 &#8211;
2,755,000).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Hedge of net investments in foreign operations</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">As at March 31, 2012, we have designated a portion of our senior
notes totalling US$192.8 million (2011&nbsp;&#8211;&nbsp;US$105.0&nbsp;million) as a
hedge of net investments in foreign operations. Gains or losses on the
translation of the designated portion of our senior notes are recognized in OCI
to offset any foreign exchange gains or losses on translation of the financial
statements of foreign operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We have determined that there is no concentration of risks
arising from financial instruments and estimated that the information disclosed
above is representative of our exposure to risk during the period.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Refer to the Consolidated Statements of Comprehensive
Income for the total amount of the change in fair value of financial
instruments designated as cash flow hedges recognized in income for the period
and total amount of gains and losses recognized in OCI and to Note 29 of the
consolidated financial statements for the classification of financial
instruments.</font></p>









<a name="_bclFooter47"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">47</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_48"></a><a name="_bclPageBorder48"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader48"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">4.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">5.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">6.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">7.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></b></font><font color=#777777 style="display:none;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="margin-bottom:6.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">8.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">Business combinations</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Fiscal 2012 acquisitions</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">As at March 31, 2012,
we entered into business combination transactions for a total cost of $131.4
million. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">An amount of $0.7 million of
acquisition-related costs was included in general and administrative expenses
in the consolidated income statement for the year ended March 31, 2012</font><font color=black face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">.&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Medical Education Technologies, Inc.</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In August 2011, we acquired 100% of the
shares of Medical Education Technologies, Inc. (METI). With this acquisition, we
gain global market access, expand our product and services offering and
acquired simulation-based technology for healthcare. </font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value of the acquired identifiable
intangible assets of $39.0
million (including technology and customer relationships) is still provisional for
the period ended March 31, 2012, and will be until the valuations for those
assets are finalized. Preliminary goodwill of $99.1 million arising from the
acquisition of METI is attributable to the advantages gained, which include: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">A
platform that immediately propels us to an important position by providing
access to the human patient simulator segment, a significant segment of the
overall healthcare simulation market;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">An
expanded customer base for CAE Healthcare, enabling the offering of the
existing portfolio of solutions to a much broader market;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:9.0pt;text-align:justify;text-indent:-9.0pt;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">An
experienced management team with subject matter expertise and industry
know-how.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value of the acquired accounts
receivable was $9.7 million. Gross contractual amounts receivable amount to
$10.5 million, but $0.8 million of this amount is not expected to be collected.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The revenue and operating profit included
in the consolidated income statement from METI since the acquisition date is
$35.9 million and $0.6&nbsp;million respectively. Had METI been consolidated
from April 1, 2011, the consolidated income statement would have shown
additional revenue and operating profit from METI of $31.0 million and $1.8
million respectively. These pro-forma amounts are estimated based on the
operations of the acquired business prior to the business combination, but are
adjusted to reflect our accounting policies where significant. The amounts are
provided as supplemental information and are not necessarily indicative of
future performance.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Haptica Limited</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In July 2011, we acquired the assets and
intellectual property of Haptica Limited (Haptica). The acquisition serves to
add to CAE Healthcare&#8217;s surgical solution offering.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The fair value of the acquired
identifiable assets amounted to $0.7 million (including technology and
intellectual property rights) and no goodwill is recognized from this
acquisition.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Flight Simulator-Capital L.P.</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In March 2012, we acquired the
outstanding 80.5% of the interests in Flight Simulator-Capital L.P. (Simucap)
that we previously did not own. With this acquisition, we own 100% of the units
of Simucap. The acquisition provides us with control of a financing vehicle
that offers lease financing for our civil flight simulators and access to
financing of up to 85% of the equipment value available from Export Development
Canada. The structure allows us to provide more financing alternatives to
customers. No goodwill is recognized from this acquisition.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Other</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Adjustments to the determination of the
net identifiable assets acquired and liabilities assumed for certain fiscal
2011 acquisitions were also completed during the fiscal year and resulted in an
adjustment to goodwill of nil. Remaining additional consideration outstanding
for previous years&#8217; acquisitions amounts to $9.0 million which is contingent on
certain conditions being satisfied.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">A summary of the total net assets of all
acquisitions is included in Note 3 of our consolidated financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





<a name="_bclFooter48"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">48</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_49"></a><a name="_bclPageBorder49"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader49"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">9.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">EVENTS AFTER THE REPORTING PERIOD</font></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=Helvetica,sans-serif lang=FR style="font-size:9.0pt;">Oxford Aviation Academy Luxembourg S. &#224; r. l.</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">On May 16, 2012, we acquired 100% of the
shares of Oxford Aviation Academy Luxembourg S. &#224; r. l. (OAA) for total
consideration of $314.3 million. OAA is a provider of aviation training and
crew sourcing services. With this acquisition, we strengthen our leadership and
global reach in civil aviation training by increasing our training centre
footprint, growing our flight academy network and extending our portfolio of
aviation training solutions. Management considers it impracticable to disclose
information about the fair value of the net assets acquired since the findings
of the valuation exercise are not yet available. The acquisition of OAA was
financed through a senior unsecured credit facility. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">No revenue or operating profit from OAA
was included in our consolidated income statement as at March 31, 2012. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-CA style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:auto;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:9.0pt;">Restructuring</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">We announced
restructuring measures on May 23, 2012 which are designed to refocus our resources
and capabilities in response to a change in our defence market. Under these
measures, our current workforce is being reduced by approximately <br>
300 employees worldwide.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">5.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">6.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">7.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">8.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">9.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;">10.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;">&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">BUSINESS
RISK AND UNCERTAINTY</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We operate in several industry segments that have various
risks and uncertainties. Management and the Board discuss the principal risks
facing our business, particularly during the annual strategic planning and
budgeting processes. The risks and uncertainties described below are risks that
could materially affect our business, financial condition and results of
operation. These risks are categorized as industry-related risks, risks
specific to CAE and risks related to the current market environment. These are
not necessarily the only risks we face; additional risks and uncertainties that
are presently unknown to us or that we may currently deem immaterial may
adversely affect our business.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Management attempts to mitigate risks that may affect our
future performance through a process of identifying, assessing, reporting and
managing risks that are significant from a corporate perspective.</font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:9.0pt;page-break-after:auto;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">10.1</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">Risks relating to the industry</font></b></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Competition</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We sell our simulation equipment and training services in
highly competitive markets. New entrants are emerging and others are
positioning themselves to try to take greater market share. Some of our
competitors are larger than we are, and have greater financial, technical,
marketing, manufacturing and distribution resources. In addition, some
competitors have well-established relationships with, or are important
suppliers to, aircraft manufacturers, airlines and governments, which may give
them an advantage when competing for projects for these organizations. In
particular, we face competition from Boeing, which has pricing and other
competitive advantages over us with respect to training, update and maintenance
services related to Boeing aircraft simulators. Boeing has a licencing model
for new Boeing civil aircraft simulators which includes a requirement for
simulator manufacturers and service training operators to pay Boeing a royalty
to manufacture, update or upgrade a simulator, and to provide training services
on new Boeing simulators.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Some OEMs may be interested in deepening their services
offered to their customers for training services. OEMs have certain advantages
in competing with independent training service providers. An OEM controls the
pricing for the data, parts and equipment packages that are often required to
manufacture a simulator based on that OEM&#8217;s aircraft, which in turn is a
critical capital cost for any simulation-based training service provider. Some
OEMs may be in a position to demand licence royalties to permit the
manufacturing of simulators based on the OEM&#8217;s aircraft, and/or to permit any
training on such simulators. CAE also has some advantages, including being a
simulator manufacturer, sometimes being able to replicate aircraft without
data, parts and equipment packages from an OEM, and owning a diversified
training network that includes joint ventures with large airline operators
which are aircraft customers for some OEMs. To mitigate the foregoing risks, we
work on value-added business propositions to various OEMs. We have recently, as
announced in fiscal 2012, extended our business relationships with OEMs such as
Augusta Westland, Bombardier, Bell Helicopter and others. We also regularly
work with other OEMs on business opportunities related to equipment and
training services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We obtain most of our contracts through competitive bidding
processes that subject us to the risk of spending a substantial amount of time
and effort on proposals for contracts that may not be awarded to us. We cannot
be certain that we will continue to win contracts through competitive bidding
processes at the same rate as we have in the past.</font></p>


<a name="_bclFooter49"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">49</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_50"></a><a name="_bclPageBorder50"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader50"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Periods of economic recession or credit constraints for
civil market products lead to heightened competition for each available civil
aircraft simulator sale. This in turn leads to a reduction in profit on sales
won during such a period. Should such conditions occur, we could experience
price and margin erosion. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Level and timing of defence spending</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">A significant portion of our revenue comes from sales to
military customers around the world. In fiscal 2012, for example, sales by the
SP/M and TS/M segments accounted for 49% of our revenue. We are either the
primary contractor or a subcontractor for various programs by Canadian, U.S., European, and other foreign governments. If funding for a government program is cut,
we could lose future revenue, which could have a negative effect on our
operations. If countries we have contracts with significantly lower their
military spending, there could be a material negative effect on our sales and
earnings. We are experiencing longer and delayed procurement processes in
mature markets, such as the U.S. and Europe, which impacts the timing of
contract awards and results in delayed recognition of revenue.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Government-funded military programs</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Like most companies that supply products and services to governments,
we can be audited and reviewed from time to time. Any adjustments that result
from government audits and reviews may have a negative effect on our results of
operations. Some costs may not be reimbursed or allowed in negotiations of
fixed-price contracts. As a result, we may also be subject to a higher risk of
legal actions and liabilities than companies that cater only to the private
sector, which could have a materially negative effect on our operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Civil aviation industry</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;line-height:9.5pt;">A significant portion
of our revenue comes from supplying equipment and training services to the
commercial and business airline industry.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">If jet fuel prices attain high levels for a sustained
period, there could be a greater impetus for airlines to replace older, less
fuel&#8209;efficient aircraft. However, higher fuel costs could also limit the
airlines&#8217; available financial resources, and could potentially cause deliveries
of new aircraft to be delayed or cancelled. Airlines may slow capacity growth
or cut capacity should sustained high fuel costs make the availability of such
capacity not economically viable. Such a reaction would negatively affect the
demand for our training equipment and services. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Constraints in the credit market may reduce the ability of
airlines and others to purchase new aircraft, negatively affecting the demand
for our training equipment and services, and the purchase of our products. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We are also exposed to credit risk on accounts receivable
from our customers. We have adopted policies to ensure we are not significantly
exposed to any individual customer. Our policies include analyzing the
financial position of our customers and regularly </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;line-height:9.5pt;">reviewing their credit quality. We also subscribe from time to time to
credit insurance and, in some instances, require a bank letter of credit to
secure our customers&#8217; payments to us.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.15pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Regulatory rules imposed by aviation authorities</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We are required to comply with regulations imposed by
aviation authorities. These regulations may change without notice, which could
disrupt our sales and operations. Any changes imposed by a regulatory agency,
including changes to safety standards imposed by aviation authorities such as
the U.S. Federal Aviation Administration, could mean we have to make unplanned
modifications to our products and services, causing delays or resulting in
cancelled sales. We cannot predict the impact that changing laws or regulations
might have on our operations. Any changes could have a materially negative
effect on our results of operations or financial condition.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Sales or licences of certain CAE products require
regulatory approvals and compliance</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The sale or licence of many of our products is subject to
regulatory controls. These can prevent us from selling to certain countries and
require us to obtain from one or more governments an export licence or other
approvals to sell certain technology such as military related simulators or
other training equipment, including military data or parts. These regulations
change often and we cannot be certain that we will be permitted to sell or
license certain products to customers, which could cause a potential loss of
revenue for us. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">If we fail to comply with government laws and regulations
related to export controls and national security requirements, we could be
suspended or barred from government contracts or subcontracts for a period of
time, which would negatively affect our revenue from operations and
profitability, and could have a negative effect on our reputation and ability
to procure other government contracts in the future.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">10.2</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">Risks relating to the Company</font></b></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Product evolution</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The civil aviation and military markets in which we operate
are characterized by changes in customer requirements, new aircraft models and
evolving industry standards. If we do not accurately predict the needs of our
existing and prospective customers or develop product enhancements that address
evolving standards and technologies, we may lose current customers and be
unable to bring on new </font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;letter-spacing:-.1pt;line-height:9.5pt;">customers. This could
reduce our revenue. The evolution of the technology could also have an impact
on the value of our fleet of FFSs.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:8.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Research and development
activities</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We carry out some of our R&amp;D initiatives with the
financial support of government, including the Government of Qu&#233;bec through Investissements
Qu&#233;bec (IQ) and the Government of Canada through SADI. We may not, in the
future, be able to replace these existing programs with other government
risk-sharing programs of comparable benefit to us, which could have a negative
impact on our financial performance and research and development activities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>


<a name="_bclFooter50"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">50</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_51"></a><a name="_bclPageBorder51"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader51"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=X-NONE style="font-size:8.5pt;line-height:9.5pt;">We receive investment tax credits on eligible R&amp;D
activities that we undertake in Canada from the federal government and
investment tax credits on eligible R&amp;D activities that we undertake in Qu&#233;bec
from the provincial government. The credits we receive are based on federal and
provincial legislation currently enacted. The investment tax credits available
to us can be reduced by changes to the respective governments&#8217; legislation
which could have a negative impact on our financial performance and research
and development activities. </font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Fixed-price and long-term supply
contracts</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We provide our products and services mainly through
fixed-price contracts that require us to absorb cost overruns, even though it
can be difficult to estimate all of the costs associated with these contracts
or to accurately project the level of sales we may ultimately achieve. In
addition, a number of contracts to supply equipment and services to commercial
airlines and defence organizations are long-term agreements that run up to 20
years. While some of these contracts can be adjusted for increases in inflation
and costs, the adjustments may not fully offset the increases, which could
negatively affect the results of our operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>





<a name="_bclFooter51"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">51</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_52"></a><a name="_bclPageBorder52"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader52"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Procurement
and OEMs encroachment</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We are required to procure data, parts, equipment and many
other inputs from a wide variety of OEMs and sub-contractors. We are not always
able to find two or more sources for inputs we need, and in the case of specific
aircraft simulators and other training equipment, significant inputs can only
be sole sourced. We may therefore be vulnerable to delivery schedule delays,
the financial condition of the sole-source suppliers and their willingness to
deal with us. Within their corporate groups, some sole-source suppliers include
businesses that compete with parts of our business.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:8.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Warranty or other product-related
claims</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We manufacture simulators that are highly complex and
sophisticated. These may contain defects that are difficult to detect and
correct. If our products fail to operate correctly or have errors, there could
be warranty claims or we could lose customers. Correcting these defects could
require significant capital investment. If a defective product is integrated
into our customer&#8217;s equipment, we could face product liability claims based on
damages to the customer&#8217;s equipment. Any claims, errors or failures could have
a negative effect on our operating results and business. We cannot be certain
that our insurance coverage will be sufficient to cover one or more substantial
claims.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Product integration and program management risk</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our business could be negatively affected if our products
do not successfully integrate or operate with other sophisticated software,
hardware, computing and communications systems that are also continually
evolving. If we experience difficulties on a project or do not meet project
milestones, we may have to devote more engineering and other resources than
originally anticipated. While we believe we have recorded adequate provisions
for risks of losses on fixed-price contracts, it is possible that fixed-price
and long-term supply contracts could subject us to additional losses that
exceed obligations under the terms of the contracts.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Protection of intellectual property</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We rely in part on trade secrets and contractual
restrictions, such as confidentiality agreements and licenses, to establish and
protect our proprietary rights. These may not be effective in preventing a
misuse of our technology or in deterring others from developing similar
technologies. We may be limited in our ability to acquire or enforce our
intellectual property rights in some countries.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:8.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Intellectual property</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our products contain sophisticated software and computer systems
that are supplied to us by third parties. These may not always be available to
us. Our production of simulators often depends on receiving confidential or
proprietary data on the functions, design and performance of a product or
system that our simulators are intended to simulate. We may not be able to
obtain this data on reasonable terms, or at all.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Infringement claims could be brought against us or against
our customers. We may not be successful in defending these claims and we may
not be able to develop processes that do not infringe on the rights of third
parties, or obtain licenses on terms that are commercially acceptable, if at
all.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Litigation related to our intellectual property rights
could be lengthy and costly and could negatively affect our operations or
financial results, whether or not we are successful in defending a claim.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Key personnel</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our continued success will depend in part on our ability to
retain and attract key personnel with the relevant skills, expertise and
experience. Our compensation policy is designed to mitigate this risk.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Environmental liabilities</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We use, generate, store, handle and dispose of hazardous
materials at our operations, and used to at some of our discontinued or sold
operations. Past operators at some of our sites also carried out these
activities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">New laws and regulations, stricter enforcement of existing
laws and regulations, the discovery of previously unknown contamination, new
clean-up requirements or claims on environmental indemnities we have given may
result in us having to incur substantial costs. This could have a materially
negative effect on our financial condition and results of operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We have made provisions for claims we know about and
remediation we expect will be required, but there is a risk that our provisions
are not sufficient.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">In addition, our discontinued operations are largely
uninsured against such claims, so an unexpectedly large environmental claim
against a discontinued operation could reduce our profitability in the future.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Liability claims arising from
casualty losses</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Because of the nature of our
business, we may be subject to liability claims, including claims for serious
personal injury or death, arising from:</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Accidents or disasters involving training equipment we have sold
or aircraft for which we have provided training equipment or services;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our pilot provisioning;</font></p>

<p style="margin-bottom:2.0pt;margin-left:11.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-11.4pt;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our live flight training operations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We may also be subject to product liability claims relating
to equipment and services that our discontinued operations sold in the past. We
cannot be certain that our insurance coverage will be sufficient to cover one
or more substantial claims.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Integration of acquired businesses</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The success of our acquisitions depends on our ability to
crystallize synergies both in terms of successfully marketing our broadened
product offering as well as efficiently consolidating the operations of the
acquired businesses into our existing operations.</font></p>


<a name="_bclFooter52"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">52</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_53"></a><a name="_bclPageBorder53"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader53"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Our ability to penetrate new
markets</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We are attempting to leverage our knowledge, experience and
best practices in simulation-based aviation training and optimization to
penetrate the new markets of simulation-based training in healthcare and
mining.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">As we enter these new markets, unforeseen difficulties and
expenditures could arise, which may have an adverse effect on our operations,
profitability and reputation. Penetrating new markets is inherently more
difficult than managing within our already established core markets. The risks
associated with entering new markets are greater; however, we believe there is
potential for CAE to develop material revenues in these new business areas over
the long term.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Enterprise resource planning</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We are investing time and money in an ERP system. If the
system does not operate as expected or when expected, it may be difficult for
us to claim compensation or correction from any third party. We may not be able
to realize the expected value of the system and this may have a negative effect
on our operations, profitability and reputation.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Length of sales cycle</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The sales cycle for our products and services is long and
unpredictable, ranging from 6 to 18 months for civil aviation applications and
from 6 to 24 months or longer for military applications. During the time when
customers are evaluating our products and services, we may incur expenses and
management time. Making these expenditures in a quarter that has no
corresponding revenue will affect our operating results and could increase the
volatility of our share price. We may pre-build certain products in anticipation
of orders to come and to facilitate a faster delivery schedule to gain
competitive advantage; if orders for those products do not materialize when
expected, we have to carry the pre-built product in inventory for a period of
time until a sale is realized.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Reliance on technology</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">We depend on information technology
networks and systems to process, transmit and store electronic data and
financial information, to manage business operations and to comply with
regulatory, legal, national security, contractual and tax requirements. In
addition, our business requires the appropriate and secure utilization of
sensitive and confidential information belonging to third parties such as
aircraft OEMs and national defence forces. An information technology system
failure or breach of data security could disrupt our operations, cause the loss
of business information, compromise confidential information, require
significant management attention and resources and could have a material
adverse effect on our operations, reputation and financial performance. We have
in place security controls, policy enforcement mechanisms and monitoring
systems in order to address potential threats. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">10.3</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:9.5pt;">Risks relating to the market</font></b></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Foreign exchange</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our operations are global with nearly 90% of our revenue
generated in foreign currencies, mainly the U.S. dollar, the euro and the
British pound. Our revenue is divided approximately one-third in each of the
U.S, Europe and the rest of the world.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our Canadian operations generate approximately 38% of our
revenues with a large portion of our operating costs in Canadian dollars. When
the Canadian dollar increases in value, it negatively affects our foreign
currency-denominated revenue and hence our financial results. When the Canadian
dollar decreases in value, it negatively affects our foreign
currency-denominated costs and our competitive position compared to other
equipment manufacturers in jurisdictions where operating costs are lower. We
have various hedging programs to partially offset this exposure. However, our
currency hedging activities do not entirely mitigate foreign exchange risk and
provide only short-term offsetting benefits.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Business conducted through our foreign operations, mainly
Military and Civil training and services, are substantially based in local
currencies. A natural hedge exists by virtue of revenues and operating expenses
being in like currencies. However, we face unhedged currency translation
exposure with these operations since we consolidate results in Canadian dollars
for financial reporting purposes. Devaluation of foreign currencies against the
Canadian dollar, for example volatility in the Euro currency as a result of
European economic austerity measures and credit market conditions, would have a
negative translation impact.</font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Availability of capital</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our main credit facility, which was refinanced in April
2011, is up for renewal in April 2015. We cannot determine at this time whether
the credit facility will be renewed at the same cost, for the same duration and
on similar terms as were previously available. </font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Pension plans</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Pension funding is based on actuarial estimates and is
subject to limitations under applicable income tax and other regulations.
Actuarial estimates prepared during the year were based on assumptions related to
projected employee compensation levels at the time of retirement and the
anticipated long-term rate of return on pension plan assets. The actuarial
funding valuation reports determine the amount of cash contributions that we
are required to contribute into the registered retirement plans. Our latest
pension funding reports show the pension plans to be in a solvency deficit
position. Therefore, we are required to make cash funding contributions. If
this reduced level of pension fund assets persists to the date of the next
funding valuations, we will be required to increase our cash funding
contributions, reducing the availability of such funds for other corporate
purposes. </font></p>

<p style="margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">Doing business in foreign countries</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">We have operations in over 25 countries and sell our
products and services to customers around the world. Sales to customers outside
Canada and the U.S. made up approximately 55% of revenue in fiscal 2012. We
expect sales outside Canada and the U.S. to continue to represent a significant
portion of revenue in the foreseeable future. As a result, we are subject to
the risks of doing business internationally.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>





<a name="_bclFooter53"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">53</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_54"></a><a name="_bclPageBorder54"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader54"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">These are the main risks we are
facing:</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Change in laws and regulations;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Tariffs, embargoes, controls and other restrictions;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">General changes in economic and geopolitical conditions;</font></p>

<p style="margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face=symbol lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">-</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:9.5pt;">&nbsp;&nbsp;&nbsp;
</font><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Complexity and risks of using foreign representatives and
consultants.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">5.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">6.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">7.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">8.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">9.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">10.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">11.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">RELATED PARTY TRANSACTIONS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:4.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">A list of principal investments
which significantly impact our results or assets is presented in Note 32 of our
consolidated financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The
following transactions are carried out in the normal course of business with
related parties which include joint ventures and our joint venture partners:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March 31</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current amounts owed
  from</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Portion attributable
  to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 37.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current amounts owed
  to</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Portion attributable
  to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 13.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 11.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-current amounts
  owed from</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Portion attributable
  to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 0.4&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March 31</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Sales of products and
  services</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Portion attributable
  to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 105.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 55.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 6.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 7.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Purchases of products
  and services, and other</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Portion attributable
  to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 16.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 28.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other income
  transactions</font></b></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Portion attributable
  to the interest of the other venturers</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 9.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">The
non-current amounts owed from related parties are obligations under finance
leases maturing in October 2022 which carry an interest rate of </font><font face=arial,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">5.14</font><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">% per annum. There
are no provisions held against any of the receivables from related parties as
at March&nbsp;31,&nbsp;2012 (2011 &#8211; nil).</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">In
addition, during fiscal 2012, transactions amounting to $2.1 million (2011 &#8211;
$2.3 million) were made, at normal market prices, with organizations of which
some of our directors are partners or officers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:115%;">Compensation of key
management personnel</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:normal;">Key
management personnel have the ability and responsibility to make major
operational, financial and strategic decisions for the Company and include
certain executive officers. The compensation paid or payable to key management
for employee services is shown below:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>


<a name="_bclFooter54"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">54</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_55"></a><a name="_bclPageBorder55"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader55"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years
  ended March 31</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions)</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Salaries and other
  short-term employee benefits</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 4.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 5.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Post-employment
  benefits</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Termination benefits</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 1.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> -&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Share-based payments</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 2.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 8.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=Calibri,sans-serif style="font-size:7.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 10.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td colspan=2 width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;"> 15.0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:2.25pt;page-break-inside:avoid;">
  <td valign=bottom width=53% style="background:white;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:2.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">1.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">2.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">3.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">4.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">5.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">6.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">7.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">8.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">9.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">10.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">11.</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>





<a name="_bclFooter55"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">55</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_56"></a><a name="_bclPageBorder56"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader56"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:3.0pt;margin-left:.7in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.7in;"><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">12.</font></b><b><font color=#777777 face="times new roman" lang=FR-CA style="font-size:7.0pt;text-transform:uppercase;">&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=FR-CA style="font-size:10.0pt;text-transform:uppercase;">changes in accounting STANDARDS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=FR-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">12.1</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">IFRS implementation</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Effective April 1, 2010, we began
reporting our financial results in accordance with IFRS. This MD&amp;A should
be read in conjunction with our consolidated financial statements for the year
ended March 31, 2012, which were prepared in accordance with IFRS 1, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">First-time
adoption of IFRS</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, as issued by the International Accounting Standards Board
(IASB). The comparative figures for each period of the year ended March 31,
2011 have been restated to comply with IFRS. For details on the most
significant adjustments to the consolidated financial statements, refer to Note
2 &#8211; First-time adoption of IFRS of our consolidated financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">12.2</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">Future changes in
accounting standards</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial instruments</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In November 2009,
the IASB released IFRS 9, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial Instruments</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, which is the first part
of a three-part project to replace IAS 39, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial Instruments: Recognition
and Measurement</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. It addresses classification and measurement of
financial assets and liabilities. IFRS 9 replaces the multiple category and
measurement models of IAS 39 for debt instruments with a new mixed measurement
model having two categories: amortized cost and fair value through profit or
loss. Most of the requirements in IAS 39 for classification and measurement of
financial liabilities were carried forward in IFRS 9. However, the portion of
the changes in fair value related to our own credit risk must be presented in
OCI rather than in income. IFRS 9 is effective for annual periods beginning on
or after January 1, 2015, with earlier application permitted. We are currently
evaluating the impact of the standard on its consolidated financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In October 2010,
the IASB amended IFRS 7, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial Instruments: Disclosures.</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;"> IFRS 7 was
amended to require quantitative and qualitative disclosures for transfers of
financial assets where the transferred assets are not derecognized in their
entirety or the transferor retains continuing managerial involvement. If a
substantial portion of the total amount of the transfer activity occurs in the
closing days of a reporting period, the amendment also requires disclosure of
supplementary information. These amendments are effective for annual periods
beginning on or after July 1, 2011, with earlier application permitted. We are
currently evaluating the impact of the amendments on its consolidated financial
statements.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidation</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In May 2011, the
IASB released IFRS 10, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidated Financial Statements</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, which replaces
SIC-12, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidation &#8211; Special Purpose Entities</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, and parts of IAS 27, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Consolidated
and Separate Financial Statements</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. The new standard builds on existing
principles by identifying the concept of control as the determining factor in
whether an entity should be included in a company&#8217;s consolidated financial
statements. The standard provides additional guidance to assist in the
determination of control where it is difficult to assess. IFRS 10 is effective
for annual periods beginning on or after January 1, 2013, with earlier
application permitted. We are currently evaluating the impact of the standard
on its consolidated financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Joint arrangements</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In May 2011, the
IAS released IFRS 11, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Joint Arrangements</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, which supersedes IAS 31, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Interests
in Joint Ventures</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">, and SIC-13, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Jointly Controlled Entities &#8211;
Non-monetary Contributions by Venturers</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. IFRS 11 focuses on the rights and
obligations of a joint arrangement, rather than its legal form as is currently
the case under IAS 31. The standard addresses inconsistencies in the reporting
of joint arrangements by requiring the equity method to account for interest in
jointly controlled entities. IFRS 11 is effective for annual periods beginning on
or after January 1, 2013, with early application permitted. We currently use
proportionate consolidation to account for interests in joint ventures, but
must apply the equity method under IFRS 11. Under the equity method, our share
of net assets, net income and OCI of joint ventures will be presented as
one-line items on the statement of financial position, the statement of income
and the statement of comprehensive income, respectively. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Disclosure of
interests in other entities</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In May 2011, the
IASB released IFRS 12, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Disclosure of Interests in Other Entities</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. IFRS
12 is a new and comprehensive standard on disclosure requirements for all forms
of interests in other entities, including joint arrangements, associates and
unconsolidated structured entities. The standard requires an entity to disclose
information regarding the nature and risks associated with its interests in
other entities and the effects of those interests in its financial position,
financial performance and cash flows. IFRS 12 is effective for annual periods
beginning on or after January 1, 2013, with earlier application permitted. We
are currently evaluating the impact of the standard on its consolidated
financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Fair value measurement</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In May 2011, the
IASB released IFRS 13, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Fair Value Measurement</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. IFRS 13 defines fair
value, sets out in a single IFRS a framework for measuring fair value and
requires disclosures about fair value measurements. IFRS 13 applies when other
IFRSs require or permit fair value measurements. It does not introduce any new
requirements to measure an asset or a liability at fair value, change what is
measured at fair value in IFRSs or address how to present changes in fair
value. The standard is effective for annual periods beginning on or after
January 1, 2013, with earlier application permitted. We are currently
evaluating the impact of the standard on its consolidated financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>





<a name="_bclFooter56"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">56</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_57"></a><a name="_bclPageBorder57"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader57"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Employee benefits</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In June 2011, the
IASB amended IAS 19, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Employee Benefit</font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">. IAS 19 is amended to reflect
significant changes to recognition and measurement of defined benefit pension
expense and termination benefits by the elimination of the option to defer the
recognition of actuarial gains and losses (the corridor approach) and expand
the disclosure requirements. These amendments are effective for years beginning
on or after January 1, 2013, with earlier application permitted. We are
currently evaluating the impact of these amendments on its consolidated
financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial statement presentation</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In June 2011, the
IASB amended IAS 1, </font><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Financial Statement Presentation, </font></i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">to change the
disclosure of items presented in OCI, including a requirement to separate items
presented in OCI into two groups based on whether or not they may be recycled
to profit or loss in the future. The amendments are effective for annual
periods beginning on or after July 1, 2012. We are currently evaluating the
impact of the amendments on its consolidated financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">12.3</font></b><b><font color=#777777 face="times new roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">Use of judgements,
estimates and assumptions</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Because we prepare
our consolidated financial statements in conformity with IFRS, we are required
to make judgements, estimates and assumptions that affect the reported amounts
of assets and liabilities and the disclosure of contingent assets and
liabilities at the date of the consolidated financial statements, as well as
the reported amounts of revenues and expenses for the period reported. We also
exercise judgement in applying our accounting policies. The areas involving a
higher degree of judgement or complexity, or areas where assumption and
estimates are significant to the consolidated financial statements are
disclosed below. Actual results could differ from those estimates. We report
changes to our estimates in the period in which they are identified.</font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-style:normal;">Business combinations</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Business
combinations are accounted for in accordance with the acquisition method; thus,
on the date that control is obtained. The acquiree&#8217;s identifiable assets,
liabilities and contingent liabilities are measured at their fair value.
Depending on the complexity of determining these valuations, we either consult
with independent experts or develop the fair value internally by using
appropriate valuation techniques which are generally based on a forecast of the
total expected future net discounted cash flows. These evaluations are linked
closely to the assumptions made by management regarding the future performance
of the related assets and any changes in the discount rate applied.</font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-style:normal;">Development costs</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Development costs
are recognized as intangible assets and are amortized over their useful lives
when they meet the criteria for capitalization. Forecasted revenue and
profitability for the relevant projects are used to assess compliance with the
capitalization criteria and to assess the recoverable amount of the assets.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Impairment of non-financial assets</font></b><i><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&#160;&#160; &nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Our impairment
test for goodwill is based on fair value less costs to sell calculations and
uses valuation models such as the discounted cash flows model. The cash flows
are derived from the plan approved by management for the next five years. Cash
flow projections take into account past experience and represent management&#8217;s
best estimate about future developments. Cash flows after the five-year period
are extrapolated using estimated growth rates. Key assumptions which management
has based its determination of fair value less costs to sell include estimated
growth rates, post-tax discount rates and tax rates. The post-tax discount
rates were derived from the respective cash generating units&#8217; representative
weighted average cost of capital which range from 8% to 12%. These estimates,
including the methodology used, can have a material impact on the respective
values and ultimately the amount of any goodwill impairment. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Likewise, whenever
property, plant and equipment and intangible assets are tested for impairment,
the determination of the assets&#8217; recoverable amount involves the use of
estimates by management and can have a material impact on the respective values
and ultimately the amount of any impairment.</font></p>

<p style="margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;font-style:normal;">Provisions</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In determining the
amount of the provisions, assumptions and estimates are made in relation to
discount rates, the expected costs and the expected timing of the costs. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Revenue recognition</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">We use the
percentage-of-completion method in accounting for our fixed-price contracts to
deliver services and manufacture products. Use of the percentage-of-completion
method requires us to estimate the work performed to date as a proportion of
the total work to be performed. Management conducts monthly reviews of its
estimated costs to complete, percentage-of-completion estimates and revenues
and margins recognized, on a contract-by-contract basis. The impact of any revisions
in cost and earnings estimates is reflected in the period in which the need for
a revision becomes known. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>





<a name="_bclFooter57"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">57</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_58"></a><a name="_bclPageBorder58"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader58"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Defined benefit pension plans</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The cost of
defined benefit pension plans as well as the present value of the pension
obligations is determined using actuarial valuations. The actuarial valuations
involve making assumptions about discount rates, expected rates of return on
assets, future salary increases, mortality rates and future pension increases.
All assumptions are reviewed at each reporting date. Any changes in these
assumptions will impact the carrying amount of pension obligations. In
determining the appropriated discount rate management considers the interest
rates of corporate bonds that are denominated in the currency in which the
benefits will be paid with an AA/AAA rating, and that have terms to maturity
approximating the terms of the related pension liability. The mortality rate is
based on publicly available mortality tables for the specific country. Future
salary increases and pension increases are based on expected future inflation
rates for the specific country.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The expected
return on plan assets is determined by considering the expected returns on the
assets underlying the current investment policy applicable over to the period
over which the obligation is to be settled. For the purpose of calculating the
expected return on plan assets, historical and expected future returns were
considered separately for each class of assets based on the asset allocation
and the investment policy.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Other key assumptions
for pension obligations are based, in part, on current market conditions. See
note 15 of our consolidated financial statements for further details regarding
assumptions used.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Share-based payments</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">We measure the
cost of cash and equity-settled transactions with employees by reference to the
fair value of the related instruments at the date at which they are granted.
Estimating fair value for share-based payments requires determining the most
appropriate valuation model for a grant, which is dependent on the terms and
conditions of the grant. This also requires making assumptions and determining
the most appropriate inputs to the valuation model including the expected life
of the option, volatility and dividend yield.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Income taxes</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">We are subject to
income tax laws in numerous jurisdictions. Judgement is required in determining
the worldwide provision for income taxes. The determination of tax liabilities
and assets involve certain uncertainties in the interpretation of complex tax
regulations. We provide for potential tax liabilities based on the probability
weighted average of the possible outcomes. Differences between actual results
and those estimates could have an effect on the income tax liabilities and
deferred tax liabilities in the period in which such determinations are made. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Deferred tax
assets are recognized to the extent that it is more likely than not that
taxable profit will be available against the losses that can be utilised.
Significant management judgment is required to determine the amount of deferred
tax assets that can be recognized, based upon the likely timing and the level
of future taxable profits together with future tax planning strategies. The
recorded amount of total deferred tax assets could be altered if estimates of
projected future taxable income and benefits from available tax strategies are
lowered, or if changes in current tax regulations are enacted that impose
restrictions on the timing or extent of our ability to utilise future tax
benefits.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><b><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Government assistance repayments</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">In determining the
amount of repayable government assistance, assumptions and estimates are made
in relation to discount rates, expected revenues and the expected timing of
revenues, when relevant. Revenue projections take into account past experience
and represent management&#8217;s best estimate about the future. Revenues after a
five-year period are extrapolated using estimated growth rates depending on the
estimated timing of repayments. The estimated repayments are discounted using
average rates ranging from 8.5% to 13.0% based on terms of similar financial
instruments. These estimates along with the methodology used to derive the
estimates can have a material impact on the respective values and ultimately
any repayable obligation in relation to government assistance. A 1% increase to
the growth rates would increase the royalty obligation at March 31, 2012 by
approximately $8.2 million.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:8.5pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">5.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">6.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">7.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">8.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">9.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">10.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">11.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">12.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">13.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;text-transform:uppercase;">&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;text-transform:uppercase;">CONTROLS AND PROCEDURES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The internal auditor reports regularly to management on any
weaknesses it finds in our internal controls and these reports are reviewed by
the Audit Committee.</font></p>


<a name="_bclFooter58"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">58</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_59"></a><a name="_bclPageBorder59"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader59"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">In accordance with National Instrument 52-109 issued by the
Canadian Securities Administrators (CSA), certificates signed by the President
and Chief Executive Officer (CEO) and the Chief Financial Officer (CFO) have
been filed. These filings certify the appropriateness of our disclosure
controls and procedures and the design and effectiveness of the internal
controls over financial reporting.</font></p>

<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:9.0pt;page-break-after:auto;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">13.1</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">Evaluation of disclosure controls and procedures</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Our disclosure controls and procedures are designed to
provide reasonable assurance that information is accumulated and communicated
to our President and CEO and CFO and other members of management, so we can
make timely decisions about required disclosure.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Under the supervision of the President and CEO and the CFO,
management evaluated the effectiveness of our disclosure controls and
procedures, as defined in Rule 13a-15(e) and 15d-15(e) under </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">U.S. Securities
Exchange Act of 1934</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">, as of March&nbsp;31, 2012. The President and CEO and
the CFO concluded from the evaluation that the design and operation of our
disclosure controls and procedures were effective as at
March&nbsp;31,&nbsp;2012, and ensure that information is recorded, processed,
summarized and reported within the time periods specified under Canadian and
U.S. securities laws.</font></p>





<a name="_bclFooter59"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">59</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_60"></a><a name="_bclPageBorder60"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader60"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin-bottom:3.0pt;margin-left:.4in;margin-right:0in;margin-top:9.0pt;page-break-after:auto;text-indent:-.4in;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">13.2</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
</font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">Internal control over financial
reporting</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Management is responsible for establishing and maintaining
adequate internal controls over financial reporting, as defined in Rule
13a-15(f) and 15d-15(f) under the </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">U.S. Securities Exchange Act of 1934</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">.
Internal control over financial reporting is a process designed to provide
reasonable assurance regarding the reliability of financial reporting, and the
preparation of consolidated financial statements for external purposes in
accordance with IFRS. Management evaluated the design and operation of our
internal controls over financial reporting as of March&nbsp;31,&nbsp;2012,
based on the framework and criteria established in </font><i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">Internal Control &#8211;
Integrated Framework</font></i><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;"> issued by the Committee of Sponsoring Organizations of
the Treadway Commission (COSO), and has concluded that our internal control
over financial reporting is effective. Management did not identify any material
weaknesses.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">There were no changes in our internal controls over
financial reporting that occurred during fiscal year 2012 that have materially
affected, or are reasonably likely to materially affect, our internal controls
over financial reporting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">5.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">6.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">7.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">8.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">9.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">10.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">11.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">12.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">13.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">14.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">OVERSIGHT ROLE OF AUDIT
COMMITTEE AND BOARD OF DIRECTORS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The Audit Committee reviews our annual MD&amp;A and related
consolidated financial statements with management and the external auditor and
recommends them to the Board of Directors for their approval. Management and
our internal auditor also provide the Audit Committee with regular reports
assessing our internal controls and procedures for financial reporting. The
external auditor reports regularly to management on any weaknesses it finds in
our internal control, and these reports are reviewed by the Audit Committee.</font></p>








<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">5.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">6.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">7.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">8.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">9.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">10.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">11.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">12.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">13.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">14.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">15.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">ADDITIONAL INFORMATION</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">You will find additional information about CAE, including
our most recent AIF, on our website at www.cae.com, or on SEDAR at
www.sedar.com or on EDGAR at www.sec.gov.</font></p>









<a name="_bclFooter60"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;margin-right:.25in;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">60</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">

| </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End

Financial Results</font></font><font face=Helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;"> &nbsp;</font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">2012</font></font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_61"></a><a name="_bclPageBorder61"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader61"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">1.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;
&nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">2.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">3.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">4.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">5.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">6.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">7.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">8.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">9.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">10.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">11.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">12.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">13.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">14.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="display:none;margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">15.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; &nbsp;</font></b></font><font color=#777777 face=helvetica,sans-serif style="display:none;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>

<p style="margin-bottom:3.0pt;margin-left:50.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-50.1pt;"><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">16.</font></b><b><font color=#777777 face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp; </font></b><b><font color=#777777 face=Helvetica,sans-serif lang=EN-US style="font-size:10.0pt;">SELECTED FINANCIAL
INFORMATION</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Helvetica,sans-serif lang=EN-US style="font-size:8.5pt;line-height:9.5pt;">The following table provides selected quarterly financial
information for the years 2010 through to 2012. The information for 2010 is
reported on a previous Canadian GAAP basis (prior to the adoption of IFRS),
while the information for 2011 and 2012 is reported on an IFRS basis. Accordingly,
the financial information for 2010 is not directly comparable to subsequent
periods.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


<a name="_bclFooter61"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">61</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
&nbsp; <A name="page_62"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader62"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA color=#777777 face=Helvetica,sans-serif>Management&#8217;s Discussion and Analysis</FONT></FONT></P></DIV>

<DIV align=left>

<TABLE style="WIDTH: 504pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 11.25pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="50%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><I><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(amounts in millions, except per share amounts and exchange rates)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q1</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q2</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q3</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Q4</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 11.25pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Fiscal 2012 &#8211; IFRS</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 13.5pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 13.5pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Revenue</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>427.9&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>433.5&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>453.1&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>506.7&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,821.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Net income</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>43.5&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>38.7&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>46.1&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>53.7&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>182.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Equity holders of the Company</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>43.1&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>38.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>45.6&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>53.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>180.3&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 13.5pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 13.5pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Non-controlling interests</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.4&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.3&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.5&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.5&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.7&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 13.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Basic EPS attributable to equity holders of the Company</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.17&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.18&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.21&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.70&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Diluted EPS attributable to equity holders of the Company</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.17&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.18&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.21&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.70&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average number of shares outstanding (basic)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>257.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>257.3&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>257.9&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>257.9&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>257.5&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average number of shares outstanding (diluted)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>258.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>258.0&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>258.6&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>258.6&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>258.2&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average exchange rate, U.S. dollar to Canadian dollar</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.97&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.98&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.02&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.00&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.99&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average exchange rate, Euro to Canadian dollar</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.39&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.38&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.38&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.31&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.37&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average exchange rate, British pound to Canadian dollar</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.58&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.58&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.61&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.57&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.58&nbsp;</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Fiscal 2011 &#8211; IFRS</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Revenue</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>366.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>388.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>410.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>465.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,630.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Net income</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>36.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>39.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>38.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>46.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>160.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Equity holders of the Company</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>37.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>39.1&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>38.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>45.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>160.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Non-controlling interests</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(0.6)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Basic EPS attributable to equity holders of the Company</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.18&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.62&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Diluted EPS attributable to equity holders of the Company</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.14&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.18&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.62&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average number of shares outstanding (basic)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>256.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>256.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>256.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>256.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>256.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average number of shares outstanding (diluted)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>256.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>257.1&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>257.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>258.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>257.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average exchange rate, U.S. dollar to Canadian dollar</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.03&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.04&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.01&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.99&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.02&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average exchange rate, Euro to Canadian dollar</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.31&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.34&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.38&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.35&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.34&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average exchange rate, British pound to Canadian dollar</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.53&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.61&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.60&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.58&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.58&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Fiscal 2010 &#8211; Previous Canadian GAAP</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Revenue</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>383.0&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>364.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>382.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>395.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,526.3&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Earnings from continuing operations</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>27.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>39.1&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>37.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>40.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>144.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Basic earnings per share from continuing operations</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.11&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.16&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.56&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Diluted earnings per share from continuing operations</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.11&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.16&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.56&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Net earnings</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>27.2&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>39.1&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>37.7&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>40.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>144.5&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Basic earnings per share</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.11&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.16&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.56&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Diluted earnings per share</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.11&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.15&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.16&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>0.56&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average number of shares outstanding (basic)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>255.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>255.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>255.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>256.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>255.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average number of shares outstanding (diluted)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>255.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif>(1)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>255.6&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif>(1)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>255.9&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif>(1)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>256.4&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif>(1)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>255.8&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif>(1)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average exchange rate, U.S. dollar to Canadian dollar</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.17&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.10&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.06&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.04&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.09&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average exchange rate, Euro to Canadian dollar</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.59&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.57&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.56&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.44&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.54&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="47%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Average exchange rate, British pound to Canadian dollar</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.81&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.80&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.73&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.63&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1.74&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 6pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 6pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=black face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="45%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 6pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 12.75pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 12.75pt; PADDING-TOP: 0in" vAlign=bottom width="97%" colSpan=17>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(1)</FONT></SUP><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif> For these periods, the effect of stock options potentially exercisable was anti-dilutive; therefore, the basic and diluted weighted average <FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>number of shares outstanding are the same.</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 12.75pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 10.5pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: white; HEIGHT: 10.5pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" color=#000000 face=helvetica,sans-serif></FONT></SUP><FONT style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="45%"></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD>

   <TD style="BORDER-BOTTOM: black 1pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP-STYLE: none; BACKGROUND: white; HEIGHT: 10.5pt; BORDER-LEFT-STYLE: none; BORDER-RIGHT: black 1pt; PADDING-TOP: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif></FONT></P></TD></TR></TABLE></DIV>

<a name="_bclFooter62"></a><DIV>

<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif></FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>62</FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif> | </FONT></FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>CAE Year-End Financial Results</FONT></FONT><FONT style="FONT-SIZE: 8pt" lang=EN-CA face=Helvetica,sans-serif> &nbsp;</FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-CA face=Helvetica,sans-serif>2012</FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 2pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_63"></a><a name="_bclPageBorder63"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader63"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s

Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=15 valign=bottom width=99% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Selected segment
  information </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=38% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=40% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions,
  except operating margins)</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Q4-2012</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Q4-2011</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">FY2012</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">FY2011</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2010</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td valign=bottom width=2% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=38% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Previous</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Canadian</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">IFRS</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">IFRS</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">IFRS</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">IFRS</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">GAAP</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Civil segments</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Simulation
  Products/Civil</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">83.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">76.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">342.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">272.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">284.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  income</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">9.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">51.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">34.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">49.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating margins (%)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.8&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12.3&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">15.1&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12.8&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.4&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Training &amp;
  Services/Civil</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">132.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">121.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">498.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">454.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">433.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  income</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">30.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">25.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">122.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">99.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">75.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Operating margins (%)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">22.9&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">20.9&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">24.5&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">22.0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.3&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total Civil segments</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">215.4&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">197.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">840.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">726.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">717.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  income</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">44.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">34.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">173.8&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">134.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">124.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Operating margins (%)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">20.6&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.6&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">20.7&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">18.5&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.3&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Military segments</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Simulation
  Products/Military</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">195.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">179.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">619.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">586.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">545.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  income</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">34.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">34.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">101.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">105.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">95.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating margins (%)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.7&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">19.0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.3&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.9&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.5&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Training &amp;
  Services/Military</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">71.5&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">78.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">278.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">279.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">263.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  income</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">40.9&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">50.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">43.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Operating margins (%)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">15.4&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">15.4&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.7&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">18.0&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.7&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total Military
  segments</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">267.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">257.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">897.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">865.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">808.7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  income</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">45.6&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">46.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">142.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">155.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">139.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Operating margins (%)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.1&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.9&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">15.8&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.9&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.3&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">New Core Markets</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">24.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">83.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">38.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  loss</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(1.2)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(3.9)</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(13.8)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(8.4)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">N/A</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Operating margins (%)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(5.0)</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(35.1)</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(16.6)</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(22.1)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">N/A</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">506.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">465.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,821.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,630.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,526.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Segment operating
  income</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">88.7&nbsp;</font></b></p>
  </td>
 <td valign=top width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">76.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">302.1&nbsp;</font></b></p>
  </td>
 <td valign=top width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">281.6&nbsp;</font></p>
  </td>
 <td valign=top width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">264.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=3 valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating margins (%)</font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.5&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.5&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.6&nbsp;</font></i></b></p>
  </td>
 <td valign=top width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.3&nbsp;</font></i></p>
  </td>
 <td valign=top width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:5.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.3&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=40% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> -&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.0&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(34.1)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=40% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating
  profit</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">88.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">77.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">302.1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">282.6&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">$</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">230.0&nbsp;</font></p>
  </td>
 </tr>
</table></div>





<a name="_bclFooter63"></a><DIV>





<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">CAE Year-End Financial Results 2012 | </font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">63</font></font><font style=""><font face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;"></font></font><font style="">&nbsp;</font></p>



<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_64"></a><a name="_bclPageBorder64"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader64"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font style=""><font color=#777777 face=Helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Management&#8217;s Discussion and Analysis</font></font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:.7pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:504.000000pt;">
 <tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=43% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Selected
  annual information for the past five years</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> <sup> </sup></font></i></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=43% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts
  in millions, except per share amounts)</font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">2012&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">IFRS<sup>
  </sup></font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,821.2&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,630.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net
  income<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">182.0&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">160.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">
  Equity holders of the Company<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">180.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">160.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">
  Non-controlling interests<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Average
  exchange rate, U.S. dollar to Canadian dollar<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.99&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.02&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Average
  exchange rate, Euro to Canadian dollar<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.37&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.34&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Average
  exchange rate, British pound to Canadian dollar<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.58&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.58&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Financial
  position:<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total
  assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 3,183.7&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2,817.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;">Total non-current financial liabilities<sup>1&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></b><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">869.0&nbsp;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 757.5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total
  net debt<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 534.3&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 383.8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Per
  share:<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Basic
  EPS attributable to equity holders of the Company<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.70&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.62&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Diluted
  EPS attributable to equity holders of the Company<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.70&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.62&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Dividends<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.16&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.15&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total
  equity<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4.05&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.63&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> <sup> </sup></font></i></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=2 valign=bottom width=43% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts
  in millions, except per share amounts)</font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2010&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2009&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2008&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Previous
  Canadian GAAP<sup> </sup></font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;"> </font></i></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue<sup>
  </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,526.3&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,662.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,423.6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Earnings
  from continuing operations<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">144.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">202.2&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">163.4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net
  earnings<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">144.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">201.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">151.3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Average
  exchange rate, U.S. dollar to Canadian dollar<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.09&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.13&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.03&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Average
  exchange rate, Euro to Canadian dollar<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.54&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.59&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 1.46&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Average
  exchange rate, British pound to Canadian dollar<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.74&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.91&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.07&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Financial
  position:<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total
  assets<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2,621.9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2,665.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 2,243.2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;">Total non-current financial liabilities<sup>1&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif lang=FR style="font-size:8.5pt;"> </font><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">457.0&nbsp;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 375.4&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 362.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total
  net debt<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 179.8&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 285.1&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #5a5a5a 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> 124.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Per
  share:<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Basic
  earnings from continuing operations<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.56&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.79&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.64&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Diluted
  earnings from continuing operations<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.56&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.79&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.64&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Basic
  net earnings<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.56&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.79&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.60&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Diluted
  net earnings<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.56&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.79&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.59&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Basic
  dividends<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.12&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.12&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.04&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Shareholders'
  equity<sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4.52&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4.70&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid #777777 1.5pt;height:13.5pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.71&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;page-break-inside:avoid;">
  <td valign=bottom width=41% style="background:white;height:6.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:10.0pt;"> </font></sup><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> <sup> </sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></i></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:black 1.0pt;border-right:black 1.0pt;border-style:none;height:6.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;"> </font></p>
  </td>
 </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
  <td colspan=11 valign=bottom width=100% style="background:white;height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><sup><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(1)</font></sup><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">
  Includes long-term debt, long-term derivative liabilities and other long-term
  liabilities meeting the definition of a financial liability.</font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-CA style="font-size:2.0pt;">&nbsp;</font></p>



<div><font lang=EN-US><br clear=all>

<hr align=left size=1 width="33%">

</font>

&nbsp;

&nbsp;









&nbsp;



</div>

</div>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>x12052513174700.jpg
<TEXT>
begin 644 x12052513174700.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"``V`*D#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:BBD)`!)
M.`.I-`"T5A7'C#28YS;6CRZG<@X,-A&9B/J1\J_B1433^+=18K!:6>CPG_EI
M<OY\V/4(N%'XL:`.AJC=Z[I%A+Y5YJ=I;R8SMEF53CZ$UF_\(DEUDZQJVHZE
MGK&TWDQ?]\1[?US4T/@SPU`X>/1+,,.YC!_GUH`B/CSPK\NW7+60L<`1,7.?
M^`@ULVEY#>P^;#OV9QEXV0_DP%.AM;>W&(8(XO\`<0#^52T`%%5[J]M[(1?:
M)-GG2"*,8)+,>@XJQ0`445ESZY"FM1:1;1/=7+?-.(\;;9.S.>V>PZF@#4HH
MHH`*2D=TBC9Y&"(HRS,<`#U-<W%XMEUC4DM/#E@;ZW1\7&H2$I;H.X4XS(WT
MX]Z`.FHHHH`*3H,U1U?6]-T*S-WJ=VEO'G"[N6<^B@<D^PKF7TW7?&THDU&6
M?1M"."EC&VVYN1ZRL/N`_P!T<^M`'4:=J^GZNLS:?=QW*P2&*1HSD!AU&>_X
M5=JO96-KIMG'9V5O';P1#:D<8P`*L4`07LLT%C<36T/GS1QLT<6<;V`X'XFN
M6T?2X/%=E'J.LZH^I[OO649,,$#=T:,<EAT._/TKL*Q[_P`-V=W=->V\DVGW
MQ'-S:-L9O3>/NN/]X&@#3MK6WLX5@M8(X(EZ)&@51^`J6L%3XHTX8<6>LQCH
M5_T:;\N4/_CM+'XOTZ-A'J<=SI,O3%[$43\)!E#^=`&[13(IHIXUEAD22-AD
M.C`@_B*?0`5%<7$-I;R7%Q*L4,2EW=C@*!U)J'4=/748%B:YN;<*X8FVE,;-
M[$CG%<ZNAV-_K'V&VA/V"Q96NY'D:1IY1RL>6)X'#-[X'K0!HZ+#-J%T^O7J
M-&\JE+2%N/)ASG)']YN"?08'8UN5%<7$%I;O<7,J0PQC<\CL`JCU)-<-K_B#
M6->EBT?P^&M!?`^7.ZD2M'G#2X_Y9Q^A/S,>`!UH`U]8\23W&I-X=\.;)M4P
M/M$Y&8K%#_$WJWHO?OQ6OHVC6NB6?V>WWR.[;YIY3NDG<]68]S4'AKPW8>%]
M*6PL5)).Z:9^7F<]68^M:]`!67KNL'1[02K")7<[$4M]YCT4`99B?0#\J9KF
MOQ:0@BCC-S>R*6C@4XP!U9C_``J/7\`":QK+P_?ZU<_VAK-Q+&&&`$S&Y4]5
M4=8T^GS-W(Z4`3Z=HVI:V#=>*)TECWYBTR(8BC]/,Y.]O8G`]ZZ=(TC0)&BH
MJC`51@"N,T6^L_"+ZCI]UIU];B2^DFA,-H\L<B'`7:4![`<'!S6HVN:QJ'R:
M1H4T8/\`R\ZE^Y1??8,NWY#ZT`;TTT5O"TT\B11H,L[L`%'J2:XK6O'TTDD5
MCX8L7OKFYR(9F0A&]60'!8#NQPON>E5;NTN=5U,V*7(UW4HB#--.N-/T\_\`
M7,'#OZ*23W)%=;HGA^UT5'=6>YO)\&XO)N9)3_11V4<"@#&\-^#);>[77/$M
MV=5ULCY7?_5VP_NQKT'UQ774P31&8PB1#*%W%-PW`>N/2GT`%%%%`!5&#6]*
MNIYK>#4;626!MLJ+*I*'T(]:O5G7GA[1=0<O>:397#G^*2!6/YD4`77N((U+
M/-&JCJ2P`K+O?%/ARV4QW6KV)W<&,2J['VVC)/Y5&O@KPPK;AH-AGW@4BM&U
MTK3K$YL["UMS_P!,853^0H`Y)+1YM8MI_"VD7.F1F57N;F0>1!)'GD>2>6)&
M<'`QUS7<4E%`&+XHUM](L5BM%\R_NB4@0#./5L=\9''<D"L[3&\2Z):+9'1(
M;Y3\T<L-RJ;2>2)=W);.<L,YST%=!-I=C<:E!J,ULCW=NK)%*W)0'KCM5N@#
MD-3@G@CAO_$!CU*_>0+8:5!D0B7MU^\1U+MP`"0!6SH.C-IL<MU>2BYU.\(>
M[N`,`GLB^B*.`/QZFI;;1TCU:75;F4W-TP\N(L,+!'_=4=L]SU-:-`"T4E+0
M!F1>'].BUJ?6!$S7D^W<[R$@8&!A<X''\S6G14-W=P6-I+=W4JQ00J6=V/``
MH`DDD2*-I)'5$0%F9C@`#J2:Y:2]U#Q>3!I,DECHQ)$NHCB6Y'=81V7_`&S^
M'K3XK&Z\62"[U>)[?258-;:<W#3XZ/-[>B=/7G@=.JA5"J`%`P`.@H`K:=IM
MGI-C'96%ND$$8PJ*/U/J3W)ZU:HHH`B6UMTN9+E((UGE`5Y`HW,!T!/?&:EH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"J]Y8VNH0""[A6:(.K[&
=Z;E((/X$`T44`6****`"BBB@`HHHH`****`/_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>x12052513174701.jpg
<TEXT>
begin 644 x12052513174701.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MP``+"``N`,<!`1$`_\0`'P```04!`0$!`0$```````````$"`P0%!@<("0H+
M_\0`M1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$(
M(T*QP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%56
M5UA96F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBI
MJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W
M^/GZ_]H`"`$!```_`/9J***********J7^JZ=I40EU"^M[1#T,T@3/TSUJE!
MXN\-W3A(==T]V/11<ID_K6LKJZAD8,IZ$'(-.HHHHHHHHHI"<#)K(N?%FA6L
MAC;4$E<<%;=&F(^NP'%7-,U?3]9M?M.FW<5S$#M)0_=/H1U!]C5RBBJ]_>P:
M;I]Q?73[(+>-I)&]%`R:@T76+77=,BO[02*CY!CE7:\;`X*L.Q!J_1117-:7
M#:3^*-;DO4ADNUN(XH?,`++%Y*L`N>G)8G%;5SI6FWB;+K3[6=?[LL*L/U%<
MQJ6D6OA34-.U+12]E'<WT5M<V<;'R9ED)7(3HK`D'(QT-=E111165JOB32]'
MF2WN)S)=R#,=I`AEF?Z(N3CW/%95WXIUM;*>\M/"=TL$$;2,][<1P'"C)^4;
MCV]J;IVH^,M9TNUU*V@T2TBNHEE2.9I9&56&1DC`S@U*;#QO<9WZ]I5H/2"P
M9_U9ZN:):^(+*[NHM7U*'4K9E5X)Q"(I%;HRE1QC@$'W-1ZA'_;'B1-)G+&Q
MMK47$\0.!,S,516]5&UCCN<9K;A@BMXEB@B2*-?NHBA0/P%<YK<*:)K]AK]N
M!$MS,EEJ"J,"57.(W/NKD#/HQ%=/117-?$')\%WD0S^^>&(X]&E0']":M:(H
MBUK7H4^Y]K23'HS0IG^6?QK;HHHK@?&ED^G>-_#6O186&6]2VN#TPQ#*I_$,
MP_`5WU<NS'Q)XNC6/#:;H4A9V[2W9&`H]0BDD_[3#TKJ****1B0I(&3C@5S7
M@*VB/AR'5'0-?ZB6FNYV&79RQRI/HOW0.V*L^-[U=/\`!&LW+=K.1!]6&T?J
M15CPN0?"FD$=/L,/_H`K5HK#M6\KQOJ$;CF:Q@D0^H5I`1^!(_.MRL;Q?9/J
M'A/4K>($R^07C`Z[U^9?U45?T^^BU#2[:_B8&*XA656SQ@C-5[3Q!I5_>?9;
M6[6:0YVLJG8^.H5\;6(]`:TJP?'$+3>#-3*8W0P^>N?6,A__`&6CPAYMQI#Z
MM.I1]5F:\"-U1&`$8/\`P`+^M:]O>6MT&-M<PS!#AC&X;!]#BIJ6BN0^(=B^
MN:?8:#:W`@O+RZ$D;XR4$8+E_H#M'_`A5[1/$,VJ>#VU(Q8O[>*1+BW`Y2>,
M$,N/J./8BJGAW6M`T/P[HME<ZO:1SW=NDJ[Y1F5W^9F_%B>3WKK*****YJ>U
MO_#-[<7VFP/>Z9<R&:YLDYEA<_>DB_O`]2GKR.N*I7&HV?CC5+/3M-D6YTRT
M=;J_E_A)&?+AP?XMWS$'IM'K5_P`[GP780R?ZRU#VS_6-V3_`-EKHZ*P]?L[
MJ.YM-<TZ%I[JQW+);J0#<0MC>HS_`!#`8>XQWK0TO5;+6+);NQF$L9X(Z,C=
MU8'E6'<&K=<E!X'F5I+";6IGT'SC+'IJ1A>"=QC:3J4R3\O''!XK8UO1WOM,
MBBT^5+.ZLW66SD"_)&Z\`$#^$@E2/0UFKXIUB%!#>>#]4-V!@_9FBDA8^H<L
M,#Z@&ECTO5_$<@?Q'%%9Z>I#+I<4GF&4CH9GZ$?[`X]2:S#;SKHE_P"![B\:
MPG96CTR[DX6>$G*H#W91\A`YQR.M5S\.#J)A:6WL_#Q1=DQT:1@TZ\?*V5`Q
MD`Y()XK5'A?6])OS?:)KKW$LR!+F/5RTRR8SM92N-I&2,`8-%[X9\3:M8SQ7
MWBR2VDD0B--.MQ"B-CC+$EV'XBH-'\/>,=-TV#3(]7TRSMX@098H)9Y6).2<
MR-C)/U`K=TCP[;Z5/)>27%Q?7\RA9+NZ;<Y7^ZH&`JY[`#\:I#2;_2_&AU'3
MHQ)I^J+C4(RP'E2JOR2J.^1\I`]C6!K'PTO)=1U)M"U2WT^QU:,)<VSVX<*>
M<E1[Y)[8)XK9BT'Q78%4LO$\$T)C1"MY9;MFT8RNUAU[YSS3XX/&VG;HDNM+
MU>,L2);D-;R#/8A`RD#MTXITEGXTN=4@F_M33+*TC4[X8H&E,C$=RV.![8J^
MW]O6@\PM:ZBH^]&L9@?_`("2Q!^AQ]:K2>*BF5'A_6W?.-JVG?Z[L?CFH9&\
M4:W^Y2!-`LV^_*\BRW1'HH&50^Y)QZ4K>`]%1(FL!<Z;<Q+@7=G,4E?U+GD/
MDG)W`UJ:)H\.A:8EC!++,`[N\LS9>1V8LS$C'))-:%%%8^H>%],U"Y-WLEM+
MMOO7-G,T,C?4J1N_'-2:;H-OILOFBZOKJ3&`UW=/+M^@)P*U****:\:/C>BM
6M.1D9P?6G44444444444444445__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>x12052513174702.jpg
<TEXT>
begin 644 x12052513174702.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+#`Q-#0T'R<Y/3@R/"XS-#+_
MP``+"``P`5D!`1$`_\0`'P```04!`0$!`0$```````````$"`P0%!@<("0H+
M_\0`M1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$(
M(T*QP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%56
M5UA96F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBI
MJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W
M^/GZ_]H`"`$!```_`/?B0H)8@`<DGM7,7WQ$\*:?=O:S:NDDR??%O$\P4^A*
M*0#[=:GTOQSX:UB7R;35H?.[1SAH6/T#@$_A70]:********************
M********************K:A86VJ:=<6%W'YEM<1F.1,D94C!Y'-<KK.K6WA.
MUM?#?A73;>76)U"VMC&-J1)T,LF.B#!Y/)-;6L6&DW>A!/%$>GSPI'F9[A`L
M8;')7=]WOWS63\-S=?\`"*E)9)Y;..ZE33Y;C.^2U!_=DYYQCIGL!6[J<NKQ
MW>G+IEO;20//B]:9B#'%@\KCJ<X%:5%%%%%%4QJVG'5CI0O8#?B/S3;!QO"9
MQG'I5RD#*6*A@2O4`]*4D#J<44444445!>7MKI]J]U>7$5O!&,M)*X50/J:S
M-&\6Z%XAN9;?2M1CNI8D$CJBL,*3@')`R*VJ********;'+'*"8W5P"02IS@
MCM3J**Q_%6K3Z%X7U#5;:*.66UB,@24D*<?2M=3E03W%+1116-XH\16OAG0Y
MK^X8E_\`5V\2J6::4\(B@<DDUPWAOPEX_BN+S5;W6-)LM0U0K)<RI:&:6,*,
M+&N2%`'3'/U-<UXT$BZ_9Z3ITMWXN\2QR![C[0BR060X^[$`(U8\<MG`^M=U
M=MXR&ES:KJVNZ9X:M+>,NT,%L+HHHZ[G8@$^RC\ZR-"\=>*9-*MM/FT^/4/$
M=\S36D;+Y"QVG19Y\9V9.?EZGBM:Y\2:WX0LG7Q!=6>L:I>2#[#:647D!>/F
MW,Q.$'!WFH_`_B;Q'JUSJ6I:Y)8QZ"B#R+A$,2;P?FV,QRZ`?QG`)Z<5T&@>
M,M.\237[:<DSZ?9D+_:#+M@E;^((3R=O<XQ52P^(NA:MXN'AS2I)+ZX5'>:>
M!<PQ;?5N_/'&:H:K\5-'TOQ*VE>1<7$4>Z.2>",N3.,8BC4#+MUSC@4Z#XF6
M_P#:J:7>Z%JEIJ$TJ);6K(KR2HPR9"`?E"CDY/%9WQ.U%=5>U\,Z#J%W_P`)
M090\,-G<M$(@0<O*P_A`R<=>E>>:UHFD^$=5M[3[?KGB#QM>`"[2PO&BW!NH
M9@"WIQ[9.*]'3X>>$PEI:ZG>ZA'?7"9%M/K4A?.,E1\PW8YY`[5N^&_#'ACP
MDU_=Z5,4WJ/M4DMXTH4+G!.XG'?FN<AU[3O%OBZUO;[6K6WT*WE']E6;3B-[
MZ<<><RY!V@Y"@]3S75^(O&-CX?NK73Q%-?:M=Y%M86P!D?'<Y("K[FIO#6O3
MZY:W1O=-?3;NUG,,UNTRR[3M##YEX/##Z&HO^$VT%_$0T*"[-Q?#F001LZ0C
M;NR[@;5&/4]ZBTWQQI6M>))=&TE9[TP!OM%W"F;>(CHI?H2>G&:S4\>7.I?$
M0>'M%T]+O3K13_:6H%R%A;!(53T)SC/U]JQO$GQ7NK>_-MX7TRVU2-91`)WN
M-HFFSS'$@^9R/[PX%=IKWBBV\.:'%?ZA&XN9ML<-FGS22S,.(UQU.>,]*XZ_
ML+:SL3XO^)DL,DT!W6NFHVZ"V[JBKTDD_P!H_P`AFJ%A\2_$OB&&75-`\,VE
MEHMJI:>\U.?8'15SM7:/Y9%:MQ\:/#MCHUE/=I<'5+F!9?[-MT\R1"PR%)X`
M_GR.*DM?'?BR2P76+GP-+#I!!=C]L7[1'&/XS&0.W.*O>,O'%QH.GZ1=:-:6
MVIOJ3@0VQE*2S*P!4QJ`<]><XP*PE^,^GV?@N+4+](I=>DDDB&E6Q)=75B,'
MK@`8Y[]JZ;1/&R3^#4\0^);4:`A+?N[E^2HZ$`@'GTQFJEA\3M+FMI;[5(6T
MBP=@+)KJ0>==CG)6%<N!TQZYJE#\1M9US69;;PQX5FOK*W9%FN;N;[*5+#.0
MC#.,<@]Z]%&<#/!KD/&.LZFUW:^&?#V!JVH*6DN2,BRM^C2GW[*.YK0TS3]'
M\!>%/*\X0V-HC2SW$S99V/+.Q[L3_A5#P;<ZYK5Q>^(=0G:'3+W`TVP*@%(1
MRLK'KN;.<=ABK'C?QI8>"=$-[=`RSR96WMU/S2-C/X*.Y[5Y1I=MX$N+)M2\
M3^,WN]<O)3.W]GWTN8"W(C15R3CUQ7I'@E;O7O"=S;:[%/=Z>T[QV<E\FV6Y
MM>-C2+USUZ]<9KLT18XU1!A5&`/04ZBBBN3G\/7NK?$"#5=4C@;3-,A)TY%;
M)\]C\SL/4``"N@U6&\N=)NX-.N5MKR2)EAG==PC<CAL=\5F>$O"=EX3TH6T'
M[Z\E.^[O''[RYD/)9C]2<#M6=K_A6]\3^+;$ZE.A\-V48F%HC'-Q<[N/,'=0
M,$#UKG]+?Q/H/B+Q$MOX3GO[[4-0:6._EN$C@\C:!&I;D\8/R@=ZP]3^'/C7
M6?&CZ]JD'AZ]:6%46*66;[/#CH"F,OSS@G&>:M^-/`NL#P1>7%_>7WB35`%6
MWM((Q'!;9(#,D*_>P,XSG''%6['P?J%UX3A_MRWDLM$T^U+0>'K5R6F*@G,[
MC!9F.24''-87@#[1K>D-8^&[>;3KJ]/G:QK?V<1B'GB"`'J0.!V`YZUH>'O#
M/B#1?$.LPZ'H4<4J2F"UU;5&S'%;@#'EJ!EW)+,Q.`3C-/\`#W@/QHEW?F^O
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MEQ7$%BV`W]F6[`-<L6!9II>YQT4<<#FM+5_"GQ`M/!<-CH8M=*LH%$;:9IK[
MYY%(^9S*V,L3S@8^M2:'\)=<M/A])8P^)]1L;NZ@:5[%-BQ"5EY5R`6(Z`X-
M7O#'A'Q'X9BC_L;PEX;L+K8$DN[B]EG=O4@A<@>V:Z#7O#/B35;70M06]TQM
M=TJY:XP\3K;/N4J5QDMQV->??$+X?_$;Q%<Z=<SW=GJI0DFWA`BBMF)[!N7&
M,9)YXK:B^%_BC7M!EM_%OB>60",_9].L\1P(P7Y-Q`&0#C@#%9_@CPSXA\."
M`V/@&VBU>&)H)]3OM1&R0EL[U4`DCZ8XXK9\2VU_:VT4OCC76OQ=2>7;:!I,
M1B2YDR,*3G>Z^N<#^5<_XAT+6X_$.F-KEO?7+WL#AXM%A.V-`1LLT?CRTQRS
M\$_2KVA?"GQ'X<U1M;T2;1+6\NHF1K6YB>5;+)!'EM_$0!R3C//K6MK/P;'B
M2Q4ZWXGU"]U,2*PNW1=L:<Y1(QPH.>O7@5OP^`M.\.Z1>S^&[*(Z\;=A#?7A
M\Z1I,<%F;/?Z"H/AS9Z_MU;5_$=G]CU#4)8MT.1_RSC"%L`D`$YXKK=5U!-)
MTF[U"6*65+:)I62)=SL`,X`[FO)_`_BK68XM1U:X\(>(=0U34I?-DG\E8XU0
M9$<2%R/E4>W<UG:_\0;'Q%XIBTCQ#I\\-GI;>9+I=J?M,MY<_P`*':,;4ZD>
MO%>D6'BG6;A)+RZ\)W6G:5#`\K27$Z>=\JYP(5R><8Y(K/\`!&BRZQYGC'7P
M)[[4XBMM;RIE;.U))6,`]R""Q[UV5OI6G6;!K:PM8&'0Q0JI'Y"K=%%%%%%%
M%%%%%%(%"C"@`>@I:****145`0JA03DX&.:6BBBBBBBBBL/Q7XGM?"FB/?W"
MF69V$5M;J<-/*?NH/KZ]A5'POX8N;.[FUS7;D7VMW0&6*_):)_SRB'8#/)[U
MU5%%%%%%5HM.L8+I[J*SMX[A\[Y4B4.V>N3C)JS111111111111111111111
M1111111111115#4]%TS6A;C4K&"[%O*)HA,F[8X[BK]%%%%%%%%%%%%%%%%%
#?__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
